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Paytm in talks with Microsoft to build war chest
April 27, 2020
Paytm is in talks with Microsoft for funding to build a war chest to fight the growing competition in the field. The funding will be around $100 million which is the extension of fundraising that has been initiated in the previous year.
According to the sources, “The talks between the two companies about raising the fund which was not possible back then but it is likely to invest cash now”.
Paytm is losing the battle to rivals like Google Pay and Phone Pe. Paytm has launched various financial, merchant, and consumer lending, gaming and advertising services in the market to increase the revenues.
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