Softbank exits Paytm at loss of around USD 150 million: Report

Japan’s Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around USD 150 million, sources aware of the development said.

Softbank invested about USD 1.5 billion in One97 Communications — the owner of Paytm brand — in tranches in 2017.

“Softbank has exited Paytm at a loss of 10-12 per cent. The total loss is around USD 150 million,” one of the sources said.