Journalism of Courage
Paytm
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Paytm: A Digital Payments Giant Paytm, short for "Pay Through Mobile," is a Noida-based Indian multinational financial technology company specializing in digital payments and financial services. Founded in 2010 by Vijay Shekhar Sharma under One97 Communications, Paytm provides a comprehensive suite ...
- Company type Public
- Industry Financial technology, E-commerce
- Founded August 2010
- Founders Vijay Shekhar Sharma
- Headquarters Noida, Uttar Pradesh, India
- Key people Vijay Shekhar Sharma
- Services Payment systems, Mobile payments
- Revenue ₹9,978 crore (US$1.1 billion) (FY24)
- Net income ₹-1,423 crore (US$-160 million) (FY24)
- Parent One97 Communications
- Website www.paytm.com
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Paytm history
Last Updated : 13/03/25, 01:24 AM
Paytm, India's leading digital payments platform, has faced a recent storm of regulatory actions, jeopardizing its foothold in the financial sector. In January 2024, the Reserve Bank of India (RBI) imposed substantial restrictions on Paytm Payments Bank (PPBL), barring it from accepting new deposits...
PAYTM NEWS
Paytm IPO to open on November 8: Here’s price band, lot size and more
October 28, 2021 1:11 pm
Paytm IPO Opening Date: The IPO of Paytm will open on Monday, November 8, 2021. Investors who wish to subscribe to Paytm's IPO can bid in the lot of six equity shares and multiples thereof.
Explained: What will Paytm use its IPO for?
October 24, 2021 8:09 am
Paytm IPO: The company is expecting a valuation of $20-$22 billion, and at last fundraise, it was valued at $16 billion.
Paytm may skip a pre-IPO round to fast-track listing
October 22, 2021 3:08 pm
The sources involved with partners of the company in the IPO process said Paytm didn't want to add additional steps to the IPO and thus, is directly headed for the market listing.
Paytm mulls scrapping pre-IPO sale plan on valuation differences
October 22, 2021 4:26 pm
Formally called One97 Communications Ltd., Paytm hopes to tap into strong investor demand fueled by easy liquidity that has buoyed India’s blockbuster listings this year. The company had reported a 10% drop in revenue during the year ended March 2021, after intensifying competition from Walmart Inc.’s Flipkart and Amazon.com Inc. cut its e-commerce and cloud sales by the same amount.
IPO-bound Paytm employees add 5.45 lakh more shares for monetisation
September 21, 2021 4:53 pm
As per a regulatory filing by One97 Communications (OCL), about 20 more employees have converted their ESOPs into a total of 5,45,735 shares.
To focus on scale, BillDesk co-founders may stay on after Prosus deal close
September 02, 2021 11:10 am
A bet different to what Paytm, one of its biggest rivals in the payments gateway segment, seems to have taken as it gears up for its proposed $2.2 billion IPO.
Biggest deal in fintech: Dutch group Prosus to buy BillDesk for $4.7 billion
September 01, 2021 7:42 am
BillDesk, which was founded in 2000 by former consultants M N Srinivasu, Ajay Kaushal, and Karthik Ganpathy, is among the largest payment gateway aggregators in the country, handling more than half of all online billing transactions, according to industry estimates.
Paytm partners with HDFC Bank to provide solutions across payment gateway, POS machines and credit products
August 23, 2021 2:00 pm
Paytm said that through this partnership, the two companies will build comprehensive solutions across payment gateway, POS machines and credit products including Paytm Postpaid which is a buy now pay later (BNPL) solution, easy EMI and Flexi pay, and more.
Paytm's ex-director Ashok Kumar Saxena seeks to stall $2 billion IPO, company calls it harassment
August 14, 2021 7:34 am
In legal documents seen by Reuters, Paytm says the claim by Ashok Kumar Saxena and allegations of fraud in a police complaint in New Delhi are mischievous attempts to harass the firm. The dispute though is cited under "criminal proceedings" in Paytm's July IPO prospectus filed for regulatory approval.
Explained: Why the Akamai outage is worrisome
July 24, 2021 9:11 am
Akamai faced a disruption on its Edge DNS service that took down platforms such as Zomato, Paytm, parts of Amazon, Airbnb, PlayStation Network, Steam, Disney+Hotstar, etc for a short while.
