• FOUNDING YEAR: 2010
    LOCATION:
    India
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Canada

Description

FOCUS

PRODUCTS & SERVICES:
Mobile wallet, QR code based POS payments and Payments Bank for Merchants & Individuals. Mobile wallet: It is integrated with multiple partners to provide bill payments and mobile recharges. Bill payment options - Postpaid mobile, DTH, Data card, Landline, Gas, Insurance, Water. It also provides e-commerce services - online fashion and retail outlet; ability to buy bus tickets, rail tickets, movie tickets, etc. It aims to provide a simple interface for customers and merchants to handle commerce activities.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Businesses and retailers consumers
EXISTING PARTNERSHIPS:
CCD, Domino's, IRCTC, Key Hotels, Indian Oil, Dish TV, Uber, PVR
COMMENT
The company aims to be the wallet of choice for customers by way of its expanding partnerships and services in multiple segments (from recharges, bill payments to travel tickets and now moving into payments bank services). It also aims at improving digital payment acceptance option in the tier-2 and tier-3 locations of the country.

PEOPLE

FOUNDERS:
Vijay Shekhar Sharma(CEO)
Board Members and Advisors:
Masayoshi Son, Amit Singhal, Harinder Takhar, Jing Xiandong, Mark Schwartz, K. Guru Gowrappan, Todd Comb
NUMBER OF EMPLOYEES:
1000+
INVESTORS:
ANT Financial (Alibaba), Ratan N Tata, SAIF Partners, SAP Ventures, Silicon Valley Bank, Reliance Capital, Nikhil Vora Intel Capital, Sapphire Ventures, K2 Global, Mountain Capital, SoftBank, MediaTek

TRACTION

VALUATION / MARKET CAP:
$8 Billions in 2017
VALUATION COMMENT
Its approximate value around $7 to $8 Billion.
TRANSACTIONS COMMENT:
The company is claiming over 8 million transactions daily on the platform (Apr 2017).
COMMENT:
Paytm has claimed its e-wallet service has more than 220 million clients in India (May 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$2.31 Billions
DATE OF LAST FUNDING:
Aug 2018
FUNDING SERIES:
SERIES A
emnsowcqsy wusdgaskct Closed: Jan 2014
SERIES B
$560 Millions Closed: Aug 2016
SERIES C
$1.4 Billions Closed: May 2017
SERIES D
$354.02 Millions Closed: Aug 2018
SERIES E
cncyas ekwaoedzcjjphhgmnpa nhtsv Closed: 2015
COMMENTS
SERIES A : The company has raised an undisclosed amount in series A. SERIES B : The company will use the funding across all the verticals, including for its payments bank. SERIES C : The company will use the funds to lunch Paytm Bank a payment bank platform where it can serve un-served and under-served Indians.
LISTED:
NO

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