MUMBAI: SoftBank has offloaded an additional 2% stake in Paytm, reducing its shareholding in the Noida-based fintech firm to 5.06%, the company said in a recent stock exchange filing. SoftBank – which has invested over $1 billion into Paytm – was one of its largest shareholders, and held about 18% stake in the firm at the time of its IPO in 2021.
The Japanese investment giant, which has backed a clutch of Indian unicorns like Ola Electric, Oyo and Swiggy, has been paring its stake in local startups. Recently, it fully exited PB Fintech, which runs PolicyBazaar and Zomato.
The Japanese investment giant, which has backed a clutch of Indian unicorns like Ola Electric, Oyo and Swiggy, has been paring its stake in local startups. Recently, it fully exited PB Fintech, which runs PolicyBazaar and Zomato.