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Paytm gets $1 billion topup in latest financing round

Monday, November 25, 2019, 1:08 PM

Digital payments company Paytm said it has raised $1 billion in a financing round led by US asset manager T Rowe Price with existing investors Ant Financial and SoftBank Vision Fund also participating. This is the largest amount raised by an Indian startup this year. The company said this values it at close to $16 billion.
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Paytm told to pay Rs 35,000 for delivering wrong watch

Monday, October 21, 2019, 12:04 PM

A consumer forum directed Paytm to pay about Rs.35,000 to a consumer for delivering a different watch instead of the Apple Watch he had ordered. The complaint, submitted that he made an online-purchase of Apple Watch Series-1 worth Rs.22,900 on February-22. He said that the product was delivered on February-24, but added that instead of the Apple Watch, a watch worth Rs.2,350 was delivered.
 
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Paytm Says It Is Profitable At Contribution Level With $100 Bn GTV

Monday, October 14, 2019, 4:42 PM

Paytm on Monday said it has achieved profitability at the contribution level. Paytm's Deputy CFO Vikas Garg said Paytm's contribution margin has grown from a loss of 30% to profit of 12% of the revenue. Garg also said that the company has recorded a gross transaction value (GTV) of $100 billion, up from GTV of over $50 billion in FY19.

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