[The Next Web] Microsoft reportedly plans to invest in India’s payments giant Paytm


Microsoft might be looking to pump some money in India’s payment sector through a potential investment in the country’s fintech giant Paytm. According to a report from the Economic Times, Paytm is looking to add an extended $100 million to its series-G round worth $1 billion, which was announced 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.” [Read: Facebook invests $5.7B in Indian mobile carrier Reliance Jio to…

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