Paytm Raises Second Funding in Less than a Month Amid Growing Losses

One 97 Communications Ltd, parent company of India’s largest digital payment company Paytm, has secured fresh funding of nearly $650 Mn from slew of existing backers. Some of the prominent existing backers that participated in the funding round are Alipay Singapore E-commerce Private Ltd, SoftBank Vision Fund and T Rowe Price Growth. Alipay has reportedly infused…

ByGirish ShettiDecember 13, 20190Comments

Funding News

Vijay Shekhar Sharma’s Paytm is on a Fresh Funding Prowl: Report

India’s home grown digital payment company Paytm is engaged in discussion with T Rowe Price to raise nearly $1 Bn, according to Economic Times (ET) report. ET’s report claims that T Rowe Price is planning to invest $150 – 200 Mn while existing investors Alibaba and SoftBank will pump rest of the amount in the…

ByGirish ShettiOctober 15, 20190Comments

Funding News

Paytm in Early Talks to Acquire Stake in Yes Bank

India’s largest digital payment company Paytm is in early talks to pick up substantial stake in the private bank major Yes Bank. If sources are to be believed then this stake sale is being initiated on the behalf of Yes Bank’s ex CEO Rana Kapoor, who along with his family owns 9.64 percent stake in…

ByGirish ShettiSeptember 10, 20190Comments

Funding News

Paytm invests in B2B Foodtech Startup HungerBox: Report

India’s largest digital payment company Paytm has invested $2.23 Mn (INR 15.99 Cr) in B2B food tech startup Hunger Box, according to reports. Private equity fund and existing investor Sabre Partners also participated in the funding round. B2B Foodtech Startup Hunger Box secures investment from Paytm As per the Ministry of Corporate Affairs filings accessed by…

ByGirish ShettiAugust 20, 20190Comments

Funding News

eBay makes Comeback in India with 5.5% stake in Paytm Mall

San Jose headquartered online shopping giant eBay has staged a comeback in India’s burgeoning e-commerce market by picking up 5.5% stake in Paytm Mall. This will be eBay’s second inning in India after selling minority stake in Flipkart few years back to end its maiden Indian journey on an ignominious note. Notably, this minority stake…

ByGirish ShettiJuly 18, 20190Comments

Funding News

Paytm may Spearhead $15 Mn Round in B2B foodtech startup HungerBox

India’s largest digital payment company Paytm is all set to lead $15 million funding round in B2B foodtech startup HungerBox, according to report published in Economic Times. HungerBox’s existing investors are also likely to participate in the funding round, the report further claimed. (L to R): Sandipan Mitra (CEO) & Uttam Kumar (COO), co-founders of HungerBox The…

ByGirish ShettiMay 28, 20190Comments

News

Paytm Mall’s Cashback scam is now Worth Crores

Paytm Mall said on Tuesday that the size of the recently detected cash back scam could be in the range of Rs 5-10 crore. The scam that is proving to be a PR disaster for the embattled e-commerce firm is currently being investigated by the accounting major Ernst & Young (EY). As a fall out…

ByGirish ShettiMay 15, 20190Comments

Funding News

Paytm in Search of Fresh funding to Fend off Competition: Report

The competition frenzy in digital payment market seems to be forcing Paytm to fill up its cash coffers. According to Economic Times (ET), India’s largest digital payment company is in talks to raise $1.5-2 billion from two of its biggest existing investors – Ant Financials & SoftBank. Paytm is in talks to raise $1.5-2 billion. ET claimed,…

ByGirish ShettiMarch 28, 20190Comments

News

Paytm Pledges All Assets to ICICI Bank for Higher Working Capital

A large scale startup like Paytm certainly needs more working capital than a small or midsize startup. The viable solution: pledge all your assets and boost your working capital. This is exactly what India’s largest digital marketing company Paytm has done. Paytm Pledges All Assets to ICICI Bank to borrow Rs 1,400 crore. According to Livemint, Paytm’s…

ByGirish ShettiFebruary 15, 20190Comments

Acquisitions

Paytm Acquires NightStay to enter Hotel Booking Business

India’s largest digital payment company Paytm has made the first acquisition of this year by acquiring hotel booking platform Nightstay for undisclosed amount. The latest acquisition would help the Alibaba backed company to further consolidate its travel business and also mark the maiden entry in the hotel booking category. Paytm acquires NightStay for undisclosed amount to…

ByGirish ShettiJanuary 30, 20190Comments

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