Microsoft reportedly plans to invest in Paytm

Microsoft might be looking to pump some money in India’s payment sector through a potential investment in Paytm. Fund raise may go around $100 million, is likely to be an extension of a planned $1-billion fundraising that the company had initiated last year A person familiar with the discussion told ET that talks with Microsoft “began last year when Paytm was in the middle of raising funds. While Microsoft could not participate in the funding then, it is likely to pump in cash now.”

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