Berkshire Hathaway provided its shares inside the Paytm-parent company One97 Communications Friday, reserving an absence of about 40% on the funding it made larger than 5 years up to now.
The Warren Buffett company invested about $260 million in Paytm in 2018, shopping for a 3% stake inside the financial suppliers startup at a valuation of about $10 billion.
The funding large — which provided a stake worth $36 million in Paytm in 2021, at a income — provided its the remainder place on Friday for $121.6 million, in step with disclosure by the native Indian stock commerce. Berkshire secured a return of $157 million on its ~$260 million funding in Paytm.
Paytm was Berkshire Hathaway’s first direct startup funding in India.
Shares of Paytm, which made its IPO debut in 2021 at $25.8 apiece, fell to as little as $5.58 a 12 months up to now. The Indian company has since rebounded, ending Friday at $10.73 apiece following fast revenue progress and bettering funds in present quarters.
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