It’s official: Warren Buffett’s Berkshire buys stake in India's Paytm

It’s official: Warren Buffett’s Berkshire buys stake in India's Paytm

Signage for digital-payments provider Paytm, operated by One97 Communications Ltd., is displayed at a shop selling printer cartridges in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

India’s largest digtial payment services provider Paytm, owned by One97 Communications Ltd, said today that the fintech startup has raised an undisclosed amount from Warren Buffett-owned Berkshire Hathaway Inc. Berkshire’s investment manager Todd Combs, who was leading the investment discussions with Paytm, will be joining the board of One97 Communications.

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