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Berkshire Hathaway reportedly agrees to buy stake in One97, owner of Paytm

The post Berkshire Hathaway reportedly agrees to buy stake in One97, owner of Paytm appeared first on BardTech . Berkshire Hathaway has reportedly agreed to buy a stake in One97, the owner of India’s largest digital payments service Paytm . This would mark the first time the investment firm has invested in an Indian startup. According to Indian financial news site Mint, which first broke the news , Berkshire Hathaway, the investment firm headed by Warren Buffett, is set to buy shares worth about $300 million to $350 million, at a valuation of about $10 billion to $12 billion. Another report in Bloomberg says Berkshire Hathaway will acquire a 3% to 4% stake in One97. Paytm’s investors already include SoftBank, which led a $450 million round in Paytm earlier this year , and Alibaba. Already India’s largest digital wallet and payment service with 230 million registered users, Paytm has recently focused on adding a host of new mobile services that could potentially turn it into a...