Page 26 - Paytm

Paytm to raise $1.5 bn via primary issue of shares ahead of IPO: Source

Company is looking to file its DRHP by July

Paytm board grants in-principle approval for around Rs 22,000 crore IPO

Digital payments and financial services firm Paytm has received in-principle approval from the company's board to raise around Rs 22,000 crore through an initial public offer during the October-December quarter this year, according to an industry source. The company is looking at an enterprise value of over Rs 2 lakh crore for the IPO, which is likely to be discussed at its board meeting scheduled for Friday. "The board of directors of Paytm has given in-principle approval for the mega IPO planned to be launched in October-December quarter. The company expects to raise around Rs 21,000-Rs 22,000 crore from the IPO. This will also give some of the existing investors to offload some of their stake," the source aware of the development told PTI. The board meeting of the company was held on Friday. When contacted, Paytm spokesperson declined to comment. It is likely to be one of the largest IPOs in India if the company is able to achieve the target as per its plan. Paytm shareholders

Paytm plans to launch India's biggest IPO, aims to raise $3 billion

According to media reports, the board of One97, parent company of Paytm, is all set to meet this Friday to formally approve the IPO plan

Paytm said to target $3-billion IPO, largest ever for India: Report

If successful, Paytm's initial share sale would surpass Coal India Ltd.'s offering, which raised more than Rs 15,000 crore in 2010 in the country's largest IPO so far

PhonePe seeks to acquire Indus OS to take on Paytm, Google Pay, Amazon Pay

The acquisition would help PhonePe in its "super app and vernacular language" strategy to integrate various apps on its platform.

Paytm provides technological support to Japan's payment app PayPay

SoftBank is aiming to take PayPay public; Paytm may also get some stake in the app

Paytm rolls out pin code-enabled Covid-19 vaccine finder on mini app store

The data has been sourced on a real-time basis from the CoWIN API where a slot can be booked to take vaccination

IPL 2021 cancelled: BCCI, teams may lose more than Rs 3,000 crore

On an average the BCCI earns Rs 67 crore from every match broadcast. It earned Rs 4,000 crore from the IPL in 2020 and was expected to earn a similar amount this time

Local kirana shops embrace retail tech as Covid-19 puts focus on essentials

According to RedSeer, online grocery will grow eight times to $18 billion market size in 2024, with 40-50% growth seen in the 2021 calendar year

TrulyMadly raises Rs 16 crore funding; investors include Paytm founder

The funding was raised from from Venture Catalysts, 9 Unicorns, Paytm founder Vijay Shekhar Sharma and others

Paytm expands ESOP scheme to $604 million, adds 242,904 stock options

The addition takes the existing ESOP pool to 2.4 million equity options

Digital payments grew by 76% in the past 12 months: Razorpay report

Tier-2 & 3 cities and towns continued to contribute over 50% of all online transactions

Started by former Paytm execs, food firm Daalchini onboards marquee clients

Apart from TCS, Byju's, Cognizant and others, the enterprise has also tied up with leading managed office spaces such as Smartworks and 91Springboard that house thousands of professionals

Paytm reaches 15 million monthly users mark on its Mini App Store

Fintech major Paytm on Monday said over 600 apps have been featured on its Mini App Store with more than 15 million monthly users coming to the platform.

Paytm says recorded 1.4 billion transactions in March

The firm said it continues to register, on average, 15% month-on-month growth

Meet the former Paytm execs who are building a pocket money app for kids

Shankar Nath and Ankit Gera are digitising pocket money for children while nurturing financial knowledge and discipline in them at an early age via their startup Junio

Amazon plans to step up e-payments, financial services in India

Wish to convert cash-hardened customer into a digital one: Amazon Pay CEO

Former Paytm executives roll out Junio, pocket money app for children

Startup raises Rs 10 cr from marquee angel investors, aims to have 5 million users in four years

Paytm payment gateway registers over 750 mn monthly transactions

Digital payments services firm Paytm said its payment gateway now registers 750 million transactions on a monthly basis. The company said that payment instruments issued by Paytm Payments Bank, including Paytm Wallet and Paytm UPI, have contributed about 60 per cent to the total transactions registered on the gateway. Paytm PostPaid and EMI services which were launched last year have continued to gain popularity with users and are registering 25 per cent month-on-month growth, the company said in a statement. "We are the leading providers of payment gateway services and take pride in enabling millions of businesses to automate and centralise their payment processes. Our systems have the capacity to manage up to 2,500 transactions per second which ensure stability when our enterprise merchants see spikes during special events and sales," Paytm senior vice president Praveen Sharma said. According to the latest RedSeer report on digital payments in India, Paytm Gateway is the fastest

Paytm bets big on IoT-driven devices to ease acceptance of payments

Voice-activated point-of-sale machines that work on a SIM card are a hit among small shopkeepers