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Paytm to start planning IPO in 22-24 months, says CEO Vijay Shekhar Sharma
Posted on 6th September 2019
Paytm will start preparations for an initial public offering (IPO) in the next 22-24 months, its founder and CEO Vijay Shekhar Sharma said at the HT-Mint Asia Leadership Summit in Singapore on Friday.

The Indian e-commerce and digital payments giant last disclosed raising $300 million from Warren Buffet’s Berkshire Hathaway in 2018. Its valuation has skyrocketed to $15 billion, Sharma recently told Mint.

Paytm eyes healthcare payments space, seeks to add doctors to widen user base
Posted on 28th August 2019
BENGALURU : Digital payments company Paytm, valued at about $15 billion, is set to enter the healthcare payments space to widen its customer base.

Last month, Paytm had said it was expanding its educational services from fee payments, application forms and career counselling, to education insurance, loans and job applications.

Paytm Money introduces NFO subscription, to allow investments from all 40 AMCs
Posted on 26th August 2019
Bengaluru: Paytm Money, one of India's largest online platforms for mutual fund (MF) investments, on Friday announced a new offering which allows users to subscribe to NFOs (New Fund Offers) of mutual funds. With this, the platform will allow investments in NFOs from all 40 AMCs in India.

Paytm promotes CFO Madhur Deora as President
Posted on 19th August 2019
New Delhi: Gearing up for the next phase of growth in consumer Internet and financial services, digital payments player Paytm on Monday announced the promotion of its Chief Financial Officer Madhur Deora as the company's President.

Prior to joining Paytm in October 2016, Deora served as Managing Director in Citigroup's investment banking business.

Paytm to invest Rs 750 cr to reach 250 million monthly active users by March
Posted on 16th August 2019
New Delhi: Digital payments firm Paytm on Thursday said it will invest Rs 750 crore to approximately double its monthly active user base on mobile to 250 million by March 2020.

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.

Larsen and Toubro, HDFC, Paytm donate Rs 14.80 cr to Bihar CM's relief fund
Posted on 9th August 2019
Top officials of Larsen and Toubro Ltd, HDFC Bank and Paytm have donated about Rs 15 crore to the Chief Ministers Relief Fund in Bihar.

A cheque of Rs 10 crore was presented to Chief Minister Nitish Kumar by the CEO and MD of Larsen and Toubro Shailesh Roy in presence of assembly Speaker Vijay Kumar Chaudhary on Thursday, a release said.

Paytm goes big in Japan: Payment service PayPay acquires these many users in just 10 months
Posted on 8th August 2019
Paytm’s QR-based payment service PayPay launched in Japan in partnership with SoftBank and Yahoo Japan last October has hit 10-million user target along with 1 million stores and 100 million transactions, Paytm Founder and CEO Vijay Shekhar Sharma tweeted on Thursday. Around mid-July 2019, the service had already acquired 8 million customers in the Japan market.

Paytm Mall sells 5.5% stake to eBay for $160 mn
Posted on 1st August 2019
Continuing with its fund raising exercise, Paytm Mall has raised about Rs 1,101 crore ($160 million) by selling a 5.59% stake to US-based e-commerce firm eBay, according to a regulatory filing by Paytm E-commerce Private Ltd.

With this round, the Indian e-commerce giant has now raised about $805 million in three rounds.

Paytm Mall joins hands with Apple to sell ‘genuine’ iPhone, iPad, Mac
Posted on 25th July 2019
Paytm Mall, the e-commerce wing of Paytm, has forged a partnership with Apple to become one of the authorised resellers in India. This means that the sellers on Paytm Mall would require a pre-authorised approval to be able to list Apple products, including iPhone, iPad, Mac, Apple Watch, and more. In the hindsight, it also alludes to reduction in the range of discounts and offers doled out by Paytm Mall on Apple products to attract buyers.

Paytm ramps up instant loans for MSMEs, self employed; partners with Clix
Posted on 23rd July 2019
Vijay Shekhar Sharma’s Paytm has ramped up its loans operations and has partnered with Clix Finance India Pvt. Ltd. to provide loans to MSMEs and self-employed people, it announced in a statement on Tuesday. Clix, a digital lending NBFC, and Paytm will now offer instant digital loans to both the customers and merchants of Paytm. The company targets “new-to-credit, self-employed, small and micro enterprises and small borrowers,” who are largely underserved and face difficulties to get loans, the digital commerce company said.

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