Paytm, India’s largest digital payment startup is all set to welcome Todd Combs, the top lieutenants of stories investor Warren Buffet of Hathaway will join the board of the company, cite ET.
Apart from Buffet, Yao Michael, SVP, head of corporate finance at Alibaba group will also be joining the digital payments firm.
Combs is considered Buffett’s successor and as Chief Investment 0fficer (CIO) led the $300-million investment in Noida-based Paytm in August last year.
The deal was the first such investment by Berkshire, which had typically stayed away from technology investment, in a private investment company across the world.
Based out of Noida, Paytm was founded in 2010 by Vijay Shekhar Sharma with an aim to bring an ease in the digital payments ecosystem across India.
While, Combs, an MBA from the Columbia Business School, who ran a hedge fund before joining Berkshire in 2010, also sits on the board of JP Morgan Chase, the largest bank in the US.
Paytm’s existing board members include Ant Financial CEO Eric Jing, Mark Schwartz, vice-chairman at Goldman Sachs Group and chairman of Goldman Sachs in Asia-Pacific, Ravi Adusumalli of SAIF Partners, Munish Varma, managing partner at SoftBank, and Pallavi Shroff, founder and managing partner of law firm Shardul Amarchand Mangaldas.