SoftBank Vision Fund has agreed to participate in a $1bn funding round for Paytm, but has stipulated the payment processing platform seek an IPO within five years.

India-based fintech developer Paytm has agreed to the terms for a contribution from telecommunications conglomerate SoftBank’s Vision Fund to a $1bn funding round, the Economic Times reported yesterday. SoftBank Vision Fund expects the company to go public within five years of the investment and, should this goal not be met, will have the right to…

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