Paytm can grow its value going forward, says Softbank’s Masayoshi Son

Even as India’s leading fintech player Paytm’s IPO is off to a slow start, one of its largest investors, Japan’s Softbank, believes that the company can grow its value going forward.

Softbank chief Masayoshi Son when asked by an analyst, post its Q2 results, if Paytm’s valuation of $20 billion was lower than the firm’s expectation, said, “Valuation-wise, of course, it depends on market condition and investors’ appetite. And I believe that they can grow their value going forward.”

While Paytm is seeking a valuation of around $20 billion, it is much lower than the rumoured expectation of $25-30 billion.