{"id":56580,"date":"2023-11-24T14:36:37","date_gmt":"2023-11-24T14:36:37","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/11\/24\/warren-buffetts-berkshire-hathaway-exits-paytm-at-a-40-loss-techcrunch\/"},"modified":"2023-11-24T14:36:37","modified_gmt":"2023-11-24T14:36:37","slug":"warren-buffetts-berkshire-hathaway-exits-paytm-at-a-40-loss-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/11\/24\/warren-buffetts-berkshire-hathaway-exits-paytm-at-a-40-loss-techcrunch\/","title":{"rendered":"Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss | TechCrunch"},"content":{"rendered":"


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Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago.<\/p>\n

The Warren Buffett firm invested about $260 million in Paytm in 2018<\/a>, acquiring a 3% stake in the financial services startup at a valuation of about $10 billion.<\/p>\n

The investment giant \u2014 which sold a stake worth $36 million in Paytm in 2021, at a profit \u2014 sold its remainder position on Friday for $121.6 million, according to disclosure by the local Indian stock exchange. Berkshire secured a return of $157 million on its ~$260 million investment in Paytm.<\/p>\n

Paytm was Berkshire Hathaway\u2019s first direct startup investment in India.<\/p>\n

Shares of Paytm, which made its IPO debut in 2021 at $25.8 apiece, fell to as low as $5.58 a year ago. The Indian firm has since rebounded, ending Friday at $10.73 apiece following fast revenue growth and improving finances in recent quarters.<\/p>\n<\/p><\/div>\n


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Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 […]<\/p>\n","protected":false},"author":1,"featured_media":56581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":{"0":"post-56580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-tech"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/56580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=56580"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/56580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/56581"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=56580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=56580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=56580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}