One97 Communications News
This is likely to be the biggest issue in India's history, breaking a decade-long record by Coal India Ltd, which raised over Rs 15,200 crore in its IPO
Paytm Money wholly-owned subsidiary of Paytm aiming for 8-10 percent IPO market share in the first year of launch.
SoftBank-backed Paytm raises $660 mn from Alibaba arm Alipay, others; 2.6 mn shares to be allotted to investors
On 29 November, there were reports that Paytm was looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron.
Paytm had earlier this week announced a $1 billion (around Rs 7,173 crore) fund raise led by US-based asset management firm T Rowe Price
Paytm raises $1 bn from Japan’s SoftBank, China’s Ant Financial; plans to invest Rs 10,000 cr for expansion
When its rivals like Google Pay and PhonePe are spending massively on cashbacks, Paytm said it would use Rs 10,000 crore to add as many small merchants and businesses as possible into its fold.
India emerges third-largest ecosystem for successful startups behind China, US: Hurun Global Unicorn List 2019
Startups leading the pack from the country are payments solutions platform One97 Communications ($10 billion), cab aggregator Ola Cabs ($6 billion), online educator Byjus ($6 billion), and travel-stay finder OYO Rooms ($5 billion).
Paytm appoints Abhinav Kumar as Vice President-Product Marketing; will contribute to firm's next stage of growth, says Trivago posterboy
Also known as ‘Trivago Guy’ on social media, Abhinav is a digital marketing strategist and expert
Paytm Money to invest Rs 250 cr over next two years to launch new investment products; elevates Pravin Jadhav as CEO
Paytm Money aims to become a full-stack investment and wealth management platform
Paytm Payments Bank Limited (PPB) on Thursday said it has turned profitable within its second year of operation, reporting a profit of Rs 19 crore for the financial year 2018-2019
Amazon begins doorstep verification of KYC services for e-wallet users; cost of operations to burn hole in firm's pocket
The Unique Identification Authority of India (UIDAI), the Aadhaar issuing authority had asked digital wallets and mutual funds registrars to stop using Aadhaar data
One97 Communications' revenues from operations, however, grew manifold to Rs 2,987.41 crore in FY2017-18 as against Rs 624.76 crore in FY2016-1
Earlier this month, reports said Warren Buffett's Berkshire Hathaway was set to invest about $300-350 million in Indian digital payments major Paytm, according to sources
The question of who knew what, and when, will be vital in determining the outcome of the suit.
Paytm bets on local expertise to fend off rivals, aims to increase offline merchants to 15 million by March 2019
Paytm is transforming into a financial services start-up with forays in banking, mutual funds and later insurance.
Paytm CEO Vijay Shekhar Sharma says Berkshire Hathaway wants digital payments firm to build $100-billion company
Paytm, India’s leading digital payments platform, is operating in a highly competitive market that is expected to grow five-fold to $1 trillion by 2023.
With this deal, Buffett's investment firm joins Japanese giant SoftBank that had last year bought a reported 20 percent stake in Paytm for an estimated $1.4 billion (over Rs 9,000 crore).
Berkshire’s investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, reports said
One97 Communications, which runs Paytm, has appointed former RBI deputy governor Rama Subramaniam Gandhi as an advisor.
FDI inflows to India decline by $40 bn in 2017 from $44 bn in 2016; outflows more than double to $11 bn: Report
FDI inflows to South Asia contracted by 4 percent to $52 billion, owing to a drop in inflows to India
Mobile wallet companies witness spike in digital transactions amidst cash shortage in ATMs and banks
A PhonePe spokesperson said the current cash shortage has led to a further spike in digital transactions on its platform.