Tag: PayTM

  • UOLO appoints Mohit Gupta as Head of Monetization

    UOLO appoints Mohit Gupta as Head of Monetization

    India-based edtech platform for K-12 Students, UOLO has announced the appointment of former PayTM founding member Mohit Gupta as Head of Monetization. In his capacity, Mohit will be responsible for leading business operations to make edtech simple, easy, and accessible to millions of Indian students with UOLO. Gupta has over 15 years of leadership experience […]

  • WeSkill draws $400K from premier angel investors as a part of its pre-seed round of funding

    WeSkill draws $400K from premier angel investors as a part of its pre-seed round of funding

    WeSkill (JAP Edutainment Private Limited), an online skilling platform has raised more than $400K in pre-Seed round funding led.  The round was led by Shrishti Sahu from Swadharma Source Ventures (“SSV”) and was supported by other marquee angel investors including Umang Vohra (MD and Global CEO, Cipla), Arpan Sheth (Senior Partner, Bain & Company), Nikhil […]

  • India Tech Startups: Stage set to attract global investments especially in the wake of regulatory shakeup in China

    India Tech Startups: Stage set to attract global investments especially in the wake of regulatory shakeup in China

    On 3rd November 2020 – just two days before the Ant Group’s Initial Public Offering (IPO), the Chinese government decided to suspend the process of its listing.  Though it came as a shock, investors did not anticipate that a series of such decisions may unfold in the next few months.  In July  2021, the Chinese […]

  • IPO: Paytm files DRHP for Rs 16,600 Cr issue

    IPO: Paytm files DRHP for Rs 16,600 Cr issue

    Noida-based fintech company, One97 Communications also know as Paytm has filed its DRHP with the regulator for an aggregate offer size of Rs 16,600 Crore through an Initial Public Offering. According to the market sources, “The Issue comprises a Fresh Issue of equity shares of Face Value of Rs 1 each aggregating to Rs 8,300 […]

  • Paytm Payments Bank books over 900mn digital transactions in March

    Paytm Payments Bank books over 900mn digital transactions in March

    Paytm Payment Bank Limited (PPBL) on Tuesday said, “It has registered over 900 million digital transactions in March 2021.” “The growth in digital transactions was due to an increase in the use of Paytm wallet, Paytm FASTag, Paytm UP and internet banking over the last several quarters,” PPBL said. “With over 64 million accounts, PPBL […]

  • Paytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service

    Paytm Bank partners with Suryoday Small Finance Bank for Fixed deposit service

    Digital Banker, Paytm Payment Bank has announced its partnership with Suryoday Small Finance Bank to facilitate fixed deposit services for its account holders. “With this new partnership, Paytm Payment Bank Ltd (PPBL) has become the first payment bank in the country to launch the multi-partner FD service where account holders can select the partnered bank […]

  • SAIF Partners rebrands as Elevation Capital, locks seventh stage fund at $400 mn

    SAIF Partners rebrands as Elevation Capital, locks seventh stage fund at $400 mn

    Asia based venture capital firm SAIF Partners on Tuesday announced that “It has rebranded itself as Elevation Capital and has also closed early-stage fund of $400 million.” In a statement issued, SAIF Partners said, “For Elevation, the commitment to founders is reflected through deep conviction and not making competing investments. Elevation believes in partnering all […]

  • Paytm Payouts transfers Rs 1,500 crores

    Paytm Payouts transfers Rs 1,500 crores

    India-based e-wallet company, PayTM said, “Its Paytm Payouts has transferred over Rs 1,500 crore in salaries and other benefits for medium and large enterprises.” Launched this year, Paytm Payouts is a digital money transfer service that offers APIs or Paytm for Business Dashboard to make payments to bank accounts, UPI, and Paytm Wallets. In a […]

  • Coronavirus Update: Paytm to contribute Rs 500 crore to PM CARES Fund

    Coronavirus Update: Paytm to contribute Rs 500 crore to PM CARES Fund

    India-based online payment company Paytm has announced to contribute Rs 500 crore to Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to fight against coronavirus. In a statement issued, President of Paytm, Madhur Deora said, “We will also contribute up to Rs 10 for every payment transaction using the Paytm […]

  • Google sets up Artificial Intelligence research unit in Bengaluru

    Google on Thursday said it is setting up an artificial intelligence research unit at Bengaluru as the tech giant looks to continue developing products for India and taking them to global markets. Google Research India, the artificial intelligence (AI) lab, will focus on advancing fundamental computer science and AI research. Apart from the Google team […]