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Business deals

Buffett's Berkshire Hathaway takes stake in India's Paytm

Holding company joins Alibaba and SoftBank in investing in digital payment startup

Advertising for digital wallet company Paytm at a roadside stall in Kolkata, India.   © Reuters

NEW YORK -- Warren Buffett's Berkshire Hathaway has acquired an interest in the parent of Indian mobile wallet and e-commerce company Paytm, joining Alibaba Group Holding and SoftBank Group as investors in the fast-growing startup.

Buffett's assistant Debbie Bosanek confirmed to the Nikkei Asian Review on Monday that Berkshire has invested in One97 Communications. Buffett himself was not involved in the transaction, she said via email.

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