IPO-bound Paytm has one of the largest ESOP pools in the startup ecosystem, and has given out ESOPs as rewards and benefits to employees, who have contributed to the growth of the company
Ashok Kumar Saxena, 71, said in legal documents that he had invested $27,500 in Paytm parent One97 Communications two decades ago, but was never allotted any stock
While HDFC Bank will drive merchant partnerships to whom Paytm will offer its existing Android PoS devices, the two will also jointly launch a co-branded retail PoS product
The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July
A gauge of firms that listed in the past two years has outperformed the Nifty 50 Index by more than 40 percentage points this year, the biggest gap since 2014
700 developers on its mini app store; will touch 2,000-3,000 by year end
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Saxena denied harassment and said Paytm had a high profile position that meant a private individual like him was not in a position to harass the company
To become a professionally managed company, no single entity can own more than 25 per cent in Paytm
The startup is backed by Berkshire Hathaway Inc. and Jack Ma's Ant
The funding would help the firm compete and take on players such Pine Labs, Paytm and Mswipe
Average investment per user on Paytm Money is over Rs 70,000, with over 64% investing in mutual funds, 28% in equity, and the rest in digital gold
Field sales executives would earn as much as Rs 35,000 and more in monthly salaries and commissions, says company.
Paytm continues to have market leadership by transaction volume
Internet-based businesses are raising funds at a record pace, making use of the boost given by the pandemic to all things digital
Digital payments major to raise Rs 8,300 cr fresh capital; Vijay Shekhar Sharma, SoftBank, SAIF to divest
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Paytm's IPO plan comes at a time when several first-generation homegrown startups in India prepare to go public on domestic bourses
The country is in an exciting phase of growth and the economy is expected to add USD 2.5 trillion in the next 5-10 years, Paytm founder and CEO Vijay Shekhar Sharma said on Saturday.
Market players say strong stock market debut will prompt VC and PE firms to back more domestic startups, apart from motivating more unicorns to resist the temptation to list in the US