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Investments flow into India tech, auto

Sector Focus, Global Edition – April 2018
From Japanese to American companies, the Indian technology and automotive sectors attracted FDI in recent weeks.

SoftBank, Alibaba to invest in Paytm

Tokto-headquartered SoftBank Group is investing $400 million in India’s Paytm E-Commerce Pvt Ltd in a funding round that will value the online retailer at roughly $1.9 billion, a regulatory filing showed this week.

Chinese conglomerate Alibaba, an existing investor in Paytm E-Commerce, is also putting in $45 million in the round.

SoftBank, which is among major investors in India’s fast-growing e-commerce sector and already owns a stake in Paytm’s parent, confirmed investing in Paytm Mall, the brand name under which Paytm E-Commerce operates an online market place.