Softbank said to continue blitzkrieg even as Alibaba halts new investments

Alibaba is likely to reserve resources for existing portfolio

Alibaba and Softbank are joined to the hip – one is an investor in another and their founders share a long-standing relationship – but their stories are playing out differently in India.

Alibaba is said to have put a pause on new investments in India, financial newspaper Mint reported today. Alibaba’s major bets in the country – Zomato and Paytm – are currently in talks to raise funds, even as Paytm struggles to find a clear path to profitability. Over the last few years, Paytm has moved away from solely focusing on digital payments by launching verticals such as wealth management