It took just one meeting, two phone calls to seal landmark Paytm-Buffett deal

Berkshire Hathaway’s investment in Paytm gives the credibility that a digital payments business can make money, says One97 Communications’ Vijay Shekhar Sharma. Photo: Mint

In the first week of February Paytm’s founder and chief executive officer Vijay Shekhar Sharma met board member Mark Schwartz in Canada. Schwartz, who’s also on the board of SoftBank Group Corp., had a proposal for him. Schwartz wanted to introduce Sharma to the world’s most renowned investor, Warren Buffett’s Berkshire Hathaway Inc.

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