Daily Fintech Conversations

Has Softbank's Vision fund lost sight as it invests in PayTM $1 Bn raise despite mounting losses?

Originally published at: https://dailyfintech.com/2019/11/29/softbank-tops-up-paytm-investment-despite-mounting-losses/

They lost $4.6 Billion with the WeWork deal. They have struggled to raise fund-2. They are now focused on profitability rather than growth. Yet, Softbank fund joined by Alibaba’s Ant Financial pooled in $600 Million for PayTM’s recent $1 Billion fund raise. PayTM is valued at $16 Billion at the end of this funding round.…