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Japan's SoftBank Group, one of India’s biggest startup investors, may fully exit fintech firm Paytm by the end of this quarter, marking its third full exit from the country after Zomato and Policybazaar’s parent entity PB Fintech.
The Japanese investor, which has backed over 20 Indian unicorns—startups valued at north of a billion dollars—to date, is regularly paring its stake in Paytm through open market operations (OMOs), two people aware of the matter told The CapTable. SoftBank will incur a loss of $100-150 million on its $1.4 billion investment in Paytm, the two sources said, speaking anonymously. SoftBank has not set a deadline for its full exit, they added.
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