Paytm, CEO Sharma to acquire insurance firm Raheja QBE for $76 mn

Paytm and its CEO Vijay Shekhar Sharma announced on Monday that they have reached an agreement to acquire insurance firm Raheja QBE for $76 million. Sharma is acquiring Raheja QBE through QorQl Pvt Ltd, a firm in which he owns majority stake with Paytm owning the remainder. A Paytm spokesperson told TechCrunch that it was an all-cash deal.