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Warren Buffet’s Berkshire Hathaway is all set to own stake in Noida-based One97 Communications which is parent company to Paytm, the fastest growing digital payment firm in India. However the company did not disclose the size of investment,yet.
Paytm has diversified into banking and is on its way to establish itself as a financial services giant by progressing into new businesses like selling mutual funds. Hathway’s investment, therefore, comes at a significant time for the company.
In the list of other crutial investors, for Paytm, are China’s Alibaba and Japan’s Soft-Bank. However there is no direct comment from them yet.
