Paytm, India’s leading digital payments provider, is aiming to raise about Rs 21,800 crore ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the country’s largest debut ever. The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around November and its offering could coincide with the Diwali festival season, said the person, asking not to be named because the details are private. Paytm, formally called One97 Communications Ltd., is targeting a valuation of around $25 billion to $30 billion.
Paytm Said to Target Rs. 21,800-Crore IPO in What Would Be India’s Largest Debut
Paytm has been focussing on ramping up revenue and monetising its services over the past year. By Saritha Rai, Bloomberg | Updated: 27 May 2021 16:28 IST
Paytm has been focusing on ramping up revenue and monetising its services over the past year
Highlights
Paytm has over 20 million merchant partners
The process is expected to get rolling in late June or early July
Paytm, India s leading digital payments provider, is aiming to raise about Rs. 21,800 crores billion in an initial public offering late this year, according to a person familiar with the deal, in what could be the country s largest debut ever.
May 28 2021, 8:02 PM
May 27 2021, 1:10 PM
May 28 2021, 8:02 PM
(Bloomberg) Paytm, Indiaâs leading digital payments provider, is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the countryâs largest debut ever.The startup, backed by investors including Berkshire Hathaway Inc., SoftBank Group Corp. and Ant Group Co., plans to list in India around November and its offering could coi.
(Bloomberg) Paytm, Indiaâs leading digital payments provider, is aiming to raise about 218 billion rupees ($3 billion) in an initial public offering late this year, according to a person familiar with the deal, in what could be the countryâs largest debut ever.
Paytm to set up oxygen plant, provide concentrators in Gujarat yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Paytm, Ola join forces to apply for NUE licence
Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said the company sees the NUE system to play out as a great opportunity for payments in the country
PTI | March 9, 2021 | Updated 23:38 IST
Representational Image
Paytm on Tuesday said it is applying for NUE (New Umbrella Entity) in a consortium with players including ride hailing platform Ola, as part of its efforts to develop more innovative and inclusive digital payments solutions for the Indian population.
Speaking to PTI, Paytm founder and Chief Executive Officer Vijay Shekhar Sharma said the company sees the NUE system to play out as a great opportunity for payments in the country.