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Berkshire Hathaway confirmed the investment but didn't disclose the financial details of the deal. Ecommerce and payments platform Paytm has finally received permission from the Reserve Bank of India to formally launch the Paytm…. Capital will allow Paytm to invest in marketing and technology in order to scale and develop a vibrant mobile ecosystem.
The Bill has evoked mixed reactions, veering towards dissent, from most quarters including some Srikrishna Committee members. The Bill creates several exceptions and exemptions for processing of data by the Indian government. Author Bhumika Khatri Inc42 Staff.
As part of the deal, Todd Combs, the investment manager at Berkshire Hathaway, has joined Paytm's board of directors Pallavi Shroff and Mark Schwartz have joined Paytm as independent directors Berkshire Hathaway confirmed the investment but didn't disclose the financial details of the deal.
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