UBS fund in talks to invest $400m in SoftBank-backed Paytm

UBS fund in talks to invest $400m in SoftBank-backed Paytm

Photographer: Dhiraj Singh/Bloomberg

UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the matter said.