Omaha, Nebraska headquartered Berkshire Hathaway has taken a stake in Paytm, India’s largest digital payments company. Berkshire will buy 3 percent to 4 percent of Paytm’s parent company One97 Communications, in a deal that values the target at more than $10 billion. One97, founded by billionaire Vijay Shekhar Sharma, runs...
Why is China's Alibaba Investing in India’s e-Commerce Market?
The number of smartphone-using Indians runs into millions and they are the key growth drivers of India’s burgeoning e-commerce sector. Quartz quotes technology consultancy firm Forrester Research which reports that by 2016, more online commerce consumers will make their purchases from mobile phones, instead of desktops, and by 2019, the...