The the funding would be done in equal parts debt and equity
In this episode of the Setting Sail podcast, Mothey talks to Moneycontrol's Priyanka Sahay on why Paytm supports the culture of entrepreneurship inside as well as outside the company.
Asked if more funds would be pumped into Paytm Mall, Sharma said: "We have money in the bank, we have $260 million, so I would say that we can give more growth capital to it, so basically after a year, Paytm Mall would break even for sure".
A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing
Kumar became popular after appearing in a series of ads for Trivago, where he was working with the company as its country developer for the Indian market.
Paytm claims a customer base of more than 1.5 crore and an annual gross merchandise value of Rs 7,100 crore in its travel vertical business.
Mounting losses and expansion into several business areas could derail India’s first profit-making payments bank. For mobile wallet Paytm, banking could be its best pathway to an IPO
Rana Kapoor is in talks with Paytm to sell his stake in the bank he cofounded
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.
The Board of Control for Cricket in India (BCCI) on August 21 announced the deal with the Paytm, which had acquired the rights in 2015 for a four-year period.
Paytm’s biggest target audience would be the first time users who would buy smartphones for the first time.
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.
The company clarified that users who had completed their KYC were already able to avail the service.
Google Pay, PhonePe clock 300 mn transactions each in July, get 35 per cent market share each; one-time leader Paytm lags at 16 per cent
Sakshi Batra chats with Moneycontrol's Priyanka Sahay to find out the nitty-gritties of the deal and how it will affect the e-commerce space.
Paytm founder Vijay Shekhar Sharma confirmed the investment but did not disclose the details.
Byju’s valuation is making news. The sheer size of India’s education market and growth prospects could be the key factor at play
Powered by Mastercard, the credit card will offer cashback on Myntra and 2GUD and would provide benefits to customers of MakeMyTrip, Goibibo, Uber, PVR, Gaana, Curefit, UrbanClap.
Although the digital revolution is fairly recent in India, it has seen exponential growth due to a favourable regulatory environment, deeper smartphone penetration and growing internet access.
India will be the tenth-largest market for OTT in terms of revenue in 2022, with mobile internet subscribers set to double from 406 million in 2017 to 805 million in 2022 according to a report by PwC.
The amount is down from last year’s peak of Rs 200 crore
A few household names in this space are ANI Technologies (Ola), Oravel Stays (OYO Rooms) and One97 Communications (Paytm).
The company facilitates bill payment, online purchase of services and products through all payment methods such as wallet, UPI, net-banking and cards on its platform.
The fee will be applicable while adding money to the wallet, payment of utilities bills and purchase of movie tickets