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Home > Paytm
Paytm
The company did not disclose investment details
Paytm invests in bus ticketing software provider Infinity
03 Dec 2019 7:28 PM

Paytm entered the online bus ticketing space in 2015 and currently offers bus tickets across more than 62,000 routes.

The company plans to expand into insurance, lending and investments and invest 100 billion rupees (USD 1.39 billion) over the next three years to include more users in the country, Paytm said.
Paytm raises USD 1 billion in fresh funding
25 Nov 2019 12:13 PM

Accounts advised by T Rowe Price Associates were among the new investors for the fund, Paytm said in a statement.

The company will focus on artificial intelligence-based technology and big data solutions for new innovations that can generate large scale employment.
Paytm plans to invest Rs 500 crore in tech start-ups
11 Nov 2019 2:55 PM

The company said it expects to employ technology across the growing internet to become the dominant player in AI.

More than 22,000 international brands from over 78 countries and regions will participate in this year's 11.11 on Tmall Global, Alibaba's dedicated channel for cross-border e-commerce.
Alibaba looks forward for record Singles' Day sales on November 11
10 Nov 2019 6:29 PM

India will celebrate 11.11 with the UC Shopping Festival in association with Paytm, VMate and 9Apps.

The proposal pertaining to Sharma's remuneration was approved by members of One97 Communications Ltd at their Annual General Meeting on September 30, 2019.  (Photo: Youtube screengrab)
Paytm founder Vijay Shekhar Sharma to take home Rs 3 cr in remuneration in FY20
22 Oct 2019 9:46 AM

The remuneration for Sharma stood at a similar level in the last fiscal.

Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate. In a day, we do 275,000-300,000 orders a day. In festive season, this peaks to half a million orders a day, double of the average day, said Paytm founder Vijay Shekhar Sharma.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma
14 Oct 2019 8:36 PM

Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash.

The company's planned foray in e-commerce space will not have an adverse impact on Paytm, in which Alibaba owns 30.15 per cent stake.
Alibaba's UCWeb plans foray into e-commerce in India this fiscal
09 Sep 2019 5:05 PM

UCWeb also have plans to start the sale of movie tickets online.

Founder and CEO of Paytm Vijay Shekhar Sharma said, in the last one year, under Jadhav's leadership, the team at Paytm Money has built an entire organisation, product, and business grounds up.
Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr in 2 yrs
02 Sep 2019 1:04 PM

Prior to Paytm Money, Pravin Jadhav worked with Servify and Rediff.com.

Currently, we have 40 per cent of total direct mutual fund subscribed from our platform. With Paytm Switch, we expect it to go to 50 per cent in next 5-6 months, said Pravin Jadhav, whole-time director at Paytm Money.
Paytm Money expects its market share in direct MF to increase to 50 pc in 6 months
25 Aug 2019 2:50 PM

Currently, its market share in direct mutual fund subscriptions stands at around 40 per cent of total such subscriptions.

The company expects its Paytm Inbox service to accelerate the growth as it has garnered 27 million monthly active users and expects additional 60-70 million new customers to come on board by end of the current fiscal year.
Paytm to invest Rs 750 cr to reach 250 million monthly active users by March
16 Aug 2019 10:17 AM

Paytm currently has a monthly active user base of around 140 million.

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