Berkshire Hathaway investment in PayTm
Warren Buffett's Berkshire Hathaway investment in PayTm On Tuesday, PayTm, India's largest payment service provider, said that Berkshire Hathaway Inc, owned by Warren Buffett, has invested an unknown amount in the company, which is a rare deal for the world's most famous investor, which keep away themselves from investing in Internet firms. Media analyst started speculation on Monday that Buffett's Berkshire Hathaway is ready to buy a 3-4% stake in the One 97 Communication for Rs INR. 2,97-2,500 crore, the first investment in an Indian company of billionaire investor. It has been said in the report that the valuation of PayTm is approximately $ 10-12 billion in the current period. Buffett and his firm based in Omaha, Nebraska have always been skeptical about the internet start-up earning which show a little promise to generate profit, especially in the emerging markets. Berkshire has not invested in China's e-commerce and payment giant, Alibaba Gro