Paytm Money inches closer to become a full stack Wealth Management Firm

By the coming next 2-3 weeks Paytm Money would be taking a major step in becoming a full stack wealth management company, after the Noida based company forays into stockbroking services. Paytm’s founder & CEO Vijay Shekhar Sharma made this big bang announcement at the Global Fintech Fest 2020. Paytm's founder & CEO Vijay Shekhar Sharma However,…

ByGirish ShettiJuly 24, 20200Comments

Funding News

Vijay Shekhar Sharma backed AjnaLens raises $1.5 Mn in pre-Series A Round

AjnaLens, Augmented reality startup owned by Dimension NXG Pvt. Ltd, has raised $1.5 Mn in a pre-Series A round. Maharashtra Defence and Aerospace Venture Fund (MDAVF) led the round while several HNI investors including Nailesh Khimji, Chirayu Khimji, Jay Jesrani & Mohsin Group also participated in the round. AjnaLens raises $1.5 Mn in pre-Series A Round led…

ByGirish ShettiFebruary 27, 20200Comments

Funding News

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

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

News

Paytm Mall hit by Scam, Hires Ernst & Young for Forensic Audit

Paytm Mall – the e-commerce unit of Paytm – has hired the global consulting and auditing major Ernst & Young (EY) to conduct forensic audit into alleged cashback scam in the company. The scam that was unearthed earlier this year has largely put company’s junior to mid-level employees in the eye of suspicion. If reports…

ByGirish ShettiMay 13, 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

News

Paytm’s Data Theft Case is unraveling like a Bollywood Potboiler

When the Paytm’s data theft case got disclosed almost a month back, many had assumed that this case of a secretary blackmailing his boss is lot more murky than it appears to be. Now with new twist and turns adding into this high profile case, it looks like this is indeed the case. The fresh…

ByGirish ShettiNovember 29, 20180Comments

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