![]() ![]() Going forward, the company is now expanding into new areas and entering credit, insurance and wealth tech – and aims to become the ‘superapp’ of financial services. Paytm had also set up a joint venture with Alibaba Group firm AG Tech in 2018 to build a gaming platform, which began life as Gamepind but was later renamed Paytm First Games. Paytm’s ecommerce business under Paytm Mall, which initially tried taking on sector biggies like Amazon India and Walmart-owned Flipkart, but has remained a distant third player. The company is now said to be engaging with BillDesk, PayU and Infibeam Avenues for merger or a tie up to increase its market share in the payment gateway business. Paytm also sells digital and physical gold and collects a raft of fees from its personal banking service, Paytm Bank.ĭue to stiff competition in e-commerce and payment gateway, company is probably not doing well in these segments. Paytm Wallet is a digital payment gateway where the company makes money on interest sitting in user accounts. Paytm Mall is a mobile-based marketplace where sellers are charged various fees to sell items. They have tried different things like e-commerce, gaming etc. They have competition from global players including Walmart’s PhonePe, Google Pay, Amazon Pay and Facebook’s WhatsApp Pay in this segment. The company started as a payments interface. Berkshire had last ventured into India in 2011 in the non-life insurance sector by tying up with Bajaj Allianz as a corporate agent. Why did Berkshire invest in Paytm is still not known, as they are not known to invest in Unicorns or Indian companies. ![]() AGH Holding, T Rowe Price and Discovery Capital, and Warren Buffet’s Berkshire Hathaway hold less than 10 per cent stake in the company. Paytm’s major shareholders include Alibaba’s Ant Group (29.71 per cent), Softbank Vision Fund (19.63 per cent), Saif Partners (18.56 per cent), and founder Vijay Shekhar Sharma (14.67 per cent). ![]() There is lot of excitement in the market and the Paytm stock has almost doubled in the unlisted market to up to Rs 24,000, according to the people who deal in shares of unlisted companies. The details are not final but the transaction could be pro rata, where all major investors could forgo a part of their stakes proportionally. Paytm’s board has approved the offering plans in principle and is finalizing the draft red herring prospectus. The largest payment services provider in the country, Paytm, owned by One97 Communication, is planning a $3 billion initial public offering (IPO). ![]()
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