Microsoft is reportedly in talks with Paytm to make an investment. The company is planning to invest around $100 million, which roughly translates to Rs 760 crore in Paytm. As per a report by ET Tech, Paytm is looking to raise a fund of $1 billion, which it initiated last year. The report further highlights that Paytm initiated the talks with Microsoft last year, however, the company could not participate in the round then. Microsoft is looking to pump in cash in Paytm now.
If this report is believed, then it will be Microsoft’s biggest investment in India. Microsoft has been focused on expanding its Microsoft Azure product in India. The company partnered with Flipkart in 2017, which allowed Flipkart to use Azure as an exclusive public platform.