Tag: paytm
Paytm Q1 profit jumps 79%; board shelves bonus share proposal
Digital payments major Paytm on Monday reported a 28% year-on-year increase in operating revenue for the April-June quarter to Rs 2,448 crore, while continuing to…
Paytm board shelves bonus issue, prioritises growth and profitability
One 97 Communications, which operates fintech platform Paytm, has decided against proceeding with its proposed maiden bonus issue for now, saying it will instead focus…
Paytm board to consider first bonus issue on July 20
Fintech platform Paytm operator One 97 Communications will consider issuing bonus shares at a board meeting on July 20, when it is also scheduled to…
Elevation Capital closes $500 million India fund; to back startups building on AI’s app layer
Paytm and Swiggy investor Elevation Capital has raised a $500 million fund to back early-stage startups, betting that the next generation of AI-led companies will…
Young, loss-making startups keep OFS portion lean as investor scrutiny grows
Young, loss-making startups preparing for initial public offerings (IPOs) are increasingly keeping the fresh issue component large to fund their growth plans as investors grow…
PhonePe, Google Pay duopoly weakens as market share slips below 80%
Fintech giants PhonePe and Google Pay’s combined UPI market share slipped to 79% in May, according to data from the National Payments Corporation of India…
Paytm plans 10% staff increase in AI pivot, to lay off 400
Fintech pioneer Paytm is set to hire about 4,000 people over the next nine months, part of a pivot aimed at expanding its merchant network…
SoftBank books 7x returns as Lenskart emerges top India bet
SoftBank has clocked about 7x returns from a partial stake sale in Lenskart, making the eyewear retailer one of the Japanese investor’s strongest shows in…
Zoho, Uber, Paytm, BSE invest Rs 220 crore in ONDC
The Open Network for Digital Commerce has raised Rs 220 crore in primary capital from software firm Zoho, mobility platform Uber, fintech company Paytm and…
Listed digital payment majors finally turn a corner in FY26
Listed Indian digital payment companies, loss-making for years, finally turned a corner in fiscal 2026 with Pine Labs and Paytm reporting full-year net profits for…