SoftBank leads $450M investment in Paytm’s e-commerce business

SoftBankis at it again giving money to companies that rival startups it has already invested in.
The Japanese firm and its long-time ally (and existing Paytmbacker) Alibaba have come together to invest $450 million more into Paytm’s e-commerce business, Paytm Mall, as first reported by Mint. The deal is said to value the business at $1.6-$2 billion, with SoftBank providing around $400 million of the committed investment.
SoftBank is already present in India’s e-commerce spa