One97 Communications

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One97 Communications - Total results - 38
Paytm Money launches IPO investments, empowers investors to participate in initial public offerings
Business

Paytm Money launches IPO investments, empowers investors to participate in initial public offerings

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
Business

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 is looking at raising another round of $1 bn; former UK PM David Cameron may also invest
Business

Paytm is looking at raising another round of $1 bn; former UK PM David Cameron may also invest

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
Business

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
Business

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
Business

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 Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation
Business

Paytm Payments Bank posts profit of Rs 19 cr in FY'19; turns profitable in second year of operation

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
Business

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

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18
Business

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18

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

Warren Buffett's Berkshire Hathaway invests $300 mn in Paytm; to hold 2.9% in Indian firm
Business

Warren Buffett's Berkshire Hathaway invests $300 mn in Paytm; to hold 2.9% in Indian firm

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

Former Volkswagen chief delayed addressing US emission test cheating case: US Judge
News & Analysis

Former Volkswagen chief delayed addressing US emission test cheating case: US Judge

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
Business

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
Business

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.

Warren Buffett's Berkshire picks up stake in Vijay Shekhar Sharma's Paytm, gets Board seat
Business

Warren Buffett's Berkshire picks up stake in Vijay Shekhar Sharma's Paytm, gets Board seat

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).

Warren Buffett set to invest over Rs 2,000 cr in Vijay Shekhar Sharma's Paytm: Reports
Business

Warren Buffett set to invest over Rs 2,000 cr in Vijay Shekhar Sharma's Paytm: Reports

Berkshire’s investment could be clinched in the coming weeks, valuing Paytm at over $10 billion, reports said

Paytm appoints former Reserve Bank of India deputy governor R Gandhi as advisor
Business

Paytm appoints former Reserve Bank of India deputy governor R Gandhi as advisor

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
Business

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
News & Analysis

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.

Visionaries or 'employeepreneurs'? India's tech unicorns hide weaknesses that deserve a hard look
Business

Visionaries or 'employeepreneurs'? India's tech unicorns hide weaknesses that deserve a hard look

Do post-1991 tech startups rooted in India deserve a treatment similar to what post-1947 steel or cement makers received?