Payments, Insurance, Banking
20M+ India’s Merchants Financial Services
Paytm is a payment gateway that provides payment services for customers and merchants.
Paytm stands for “Pay through mobile” and it is India’s largest mobile payments and commerce platform. It lets you transfer money instantly.
Paytm is a digital payment system and financial technology company.
Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and events bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code.
More than 20M merchants across India use their QR code payment system to accept payments directly into their bank account.
Paytm is now India’s leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. The company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services.
One97 Communications Limited that owns the brand Paytm. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price and Discovery Capital.
Paytm First Games, which is another group company (a joint venture between One97 Communications Ltd and AG Tech Holdings), has quickly become India’s go-to gaming and stay-at-home entertainment option for millions of users across the country. The platform caters to all types of gamers with an exhaustive array of games for amateurs as well as esports for gaming pros.
Paytm Insurance is a wholly-owned subsidiary of One97 Communications Ltd (OCL) and has secured a brokerage license from IRDAI. It offers insurance products to millions of Indian consumers across four categories including two-wheeler, four-wheeler, health and life. The company aims to simplify insurance and create a seamless, easy to understand online journey for its customers.
In May 2021, the company is aiming to raise about Rs 21,800 crore (US$3B) by IPO (initial public offering). It could be the largest IPO ever seen in India. Paytm board has approved a resolution that would allot 47,042 equity shares to 60 employees under its ESOP Scheme 2008 and ESOP Scheme 2019.
Total Funding (as of 2019) – US$32.4M – undisclosed since then
Enterprise Value US$15.2B
President, CFO, and SVP
Senior Vice President
Senior Vice President
Vijay Shekhar Sharma
Founder & CEO
Ask us a questionAsk Us a Question
Already a member?Login now
Become a memberRegister now