Softbank invests in Paytm only with a clause that it will go public in 5 years
Image Credit: shortpedia
The investment of Softbank in Paytm has begun with the stipulation that the company goes public in five years. As per the clause, if Paytm does not launch an IPO, Softbank will reportedly have the right to sell its stake in Paytm to a rival company. However, this is denied by the CEO of Paytm Vijay Shekhar Sharma. Paytm has already launched Paytm Mall, movie tickets, travel bookings, even a mutual funds platform.