Softbank has made its biggest investment in an Indian digital enterprise by sealing a funding round of Rs 9, 000 crore ($1.4 billion) in mobile payments provider Paytm. Softbank is based in

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Austria
B	Japan
C	Hong Kong
D	China

Explanation:

Detailed explanation-1: -SoftBank has invested close to $15 billion through its Vision Fund investment units over the years, sources said. In 2021, SoftBank participated in at least three rounds of more than $500 million.

Detailed explanation-2: -While SoftBank has invested $1.6 billion into the digital payments firm over the years, among its biggest investments in India, at Paytm’s current share price, the 17.5% stake SoftBank held in the company before Thursday’s share sale is worth only about $900 million.

Detailed explanation-3: -Besides, Paytm’s current market cap of around $3.8 Bn is now below its 2016 valuation of $4.8 Bn.

Detailed explanation-4: -Paytm (acronym for “pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.

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