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PAYTM ECOMMERCE PVT
Paytm parent restructures to bring financial, tech entities under direct ownershipPaytm's parent company, One 97 Communications, is undergoing a major internal restructuring. The company will bring several financial and t...
Paytm planning deeper push for ONDC, targets 10 million merchants: CEO Vijay Shekhar SharmaONDC's chief business officer Shireesh Joshi told ET that the network was recording over 1 lakh transactions regularly per day.
Paytm E-commerce partners with NCCF, ONDC to sell tomatoes at Rs 70/kg in Delhi-NCRThis move will benefit the users as retail prices of tomatoes in some cities have crossed Rs 200 per kg, the statement said. The company sp...
FPI holding in Paytm rises by 530 bps to 16.86% in June quarterThe contribution profit for the first quarter is up by about 80% year-on-year to Rs 1,304 crore, with a margin of 56%. At the operating lev...
Paytm completes share buyback worth Rs 850 croreThe Paytm board had approved buyback of shares worth Rs 850 crore on December 13, representing 6.67% of the total paid-up share capital bet...
Alibaba Group sells 3.3% stake in Paytm parent for Rs 1,378 croreAlibaba.com Singapore E-Commerce Pvt Ltd sold 2,14,31,822 shares at Rs 642.74 apiece. This was at a steep discount of 9% to Thursday’s clos...
India’s fallen tech darlings are value buys for Franklin Templeton after $20 billion wipeout“We are looking at new tech companies as their valuations have been reset,” Anand Radhakrishnan, chief investment officer for equities at F...
Paytm Mall, Snapdeal penalised Rs 1 lakh each for selling defective pressure cookersPaytm Mall listed pressure cookers of Pristine and Quba on its platform despite the product description clearly stating that it does not ca...
SoftBank-backed Snapdeal weighs $400 million IPOThe company, which counts SoftBank Group Corp. among its investors, is speaking with advisers about a potential listing in Mumbai that coul...
Paytm introduces Payout Links for businesses, enables money transfer sans collecting bank detailsThe facility helps businesses adopt an automated payment mechanism, and has grown to process payments upwards of Rs 1,660 crore per month.
Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma"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 275,000-30...
Paytm's losses go up 270% to Rs 3,393 crore driven by e-tail businessPaytm Mall saw its financials deteriorate with a loss of Rs 1,787.55 cr on total revenue of Rs 774.86 cr in FY18.
Paytm eyes top spot in e-commerce business in 3-5 years; to infuse $2.5billionThe process of fund raising would start in January to March quarter of 2018, he said, adding that the company has already seen investor int...
Paytm culls most sellers to avoid Alibaba's problems with fakesIn one fell swoop, Paytm Mall de-listed 85,000 sellers, leaving just 30,000 on its platform. The move is designed to build trust with custo...
Paytm Mall gets 800 employees from One97 CommunicationsPaytm Mall is looking to hire 2,000 more employees this year specifically for the new entity.
Reliance Capital pockets a 2650% return from Paytm investmentStake sale by Anil Ambani-led financial services seen at Rs 275 cr; company continues to be a shareholder in Paytm ecommerce
Paytm sniffs deal in laid-off talent from Snapdeal and Stayzilla"We are recruiting for our marketplace and the bank. So, trained and domain experts are welcome. We believe startups have great people," a ...
PayTm alleges customers cheated it, CBI registers FIR against 15 personsIt is rare for the agency to take up such cases unless they have been referred by the central government or there are directions by the Sup...
Paytm to transfer wallet business to payments bankPaytm recently came under public scrutiny as the debate on demonetisation and increase in wallet signups brought to fore claims of Chinese ...
Paytm in talks to raise Rs 2,000 crore from Goldman Sachs, Temasek, MediatekIt's existing investors, which includes Alibaba and its payments affiliate Alipay, are also participating in the new round of financing.