Paytm buys insurance company Raheja QBE for USD 76 million

Paytm, India’s $ 16 billion digital payments platform, has signed an agreement to purchase Mumbai-based insurance company Raheja QBE. The $ 76 million deal is cash according to Cash TechCrunch.

Paytm Intends to “Democratize” General Insurance Services Across India

Paytm Co-Founder and CEO Vijay Shekhar Sharma will acquire the company through his majority-owned company QorQl Pvt, of which Paytm owns the remainder.

The acquisition follows SoftBank’s move, a …

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