Table of Contents
Who are Paytm investors?
Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital. Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, country’s largest digital bank with over 58 million account holders.
Is Paytm making profit?
The report states that Paytm has been a cash-burning machine, spinning off several businesses with no visibility on achieving profitability. The analysts mention that the company has drawn in equity capital of ₹19,000 crore since its inception, of which nearly 70\% (₹13,200 crore) has gone towards funding losses.
Who is the founder of Google pay?
Google Pay – Company Highlights
| Startup Name | Google Pay |
|---|---|
| Sector | Fintech |
| Founders | Sujith Narayanan and Sumit Gwalani |
| Founded | September 11, 2015, and then renewed on January 8, 2018 |
| Website | pay.google.com |
Is Paytm company in profit?
Its profit in the September-end quarter rose 9.8 per cent to Rs 14.7 crore. Revenue grew 17.8 per cent to Rs 129.6 crore compared to Rs 110 crore in the year-ago quarter. It debuted on March 29 at an 80.7 per cent premium at Rs 1,990. Its issue price was Rs 1,101.
Is Paytm profit making company?
Paytm has been a cash burning machine, spinning off several business lines with no visibility on achieving profitability.
What is the revenue of zomato?
19.94 billion INR (US$280 million, 2021)
Zomato/Revenue
Who owns Paytm and who is the founder of Paytm?
One97 Communications Limited that owns the brand Paytm is founded by Vijay Shekhar Sharma and is headquartered in Noida, Uttar Pradesh. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway,
Who is Ajay Shekhar Sharma – Paytm’s new CEO?
September 9, 2021 – Paytm sees Ajay Shekhar Sharma, brother of Paytm CEO, Vijay Shekhar Sharma, as the CBO (Chief Business Officer). 14 June, 2021 – Paytm announced that users from all over the country will now be able to find their Covid-19 vaccination slots and book them right from the Paytm app.
Is Paytm owned by One97 Communications?
In August 2015, Paytm received a license from Reserve Bank of India to launch the Paytm Payments Bank as a separate entity. Founder Vijay Shekhar Sharma will hold 51\% share, One97 Communications 39\% and 10\% will be held by a subsidiary of One97 and Sharma. The bank was officially inaugurated in November 2017.
How much money has Paytm raised in funding?
Paytm has raised a total of $32.4M in funding over 4 rounds. Their latest funding was raised on Feb 4, 2017 from a Undisclosed round. Paytm is funded by 4 investors. Vijay Shekhar Sharma and One97 Mobility Fund are the most recent investors.