Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to acquire a 10.30% stake in the Indian financial services firm in a […]
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Back to news homePaytm tops $977 million revenue in a year, narrows loss
Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in […]
India’s Paytm to spend up to $103 million to buy back shares
Paytm will spend up to $127 million to repurchase it shares, the company’s board approved on Tuesday, as the Indian financial services firm looks to calm investors after a tumultuous […]
Indian agency searches fintech Paytm, Razorpay and Cashfree offices in Chinese loan apps probe
India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan […]
Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown
Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken […]
TechCrunch Podcasts this week: Scaling web3, bulls and bears, falling tech valuations and UFOs
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital […]
Indian food delivery giant Swiggy eyes $1 billion IPO
Indian food delivery giant Swiggy has hired bankers as it gears up for an initial public offering next year, a source familiar with the matter said. The startup, which was […]
Record number of unicorns and IPOs: Indian startups raised $39B in 2021
In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They […]
India’s Paytm makes market debut
A decade ago, Vijay Shekhar Sharma flew to Hong Kong to attend an All Things D conference. At the event, he watched Silicon Valley executives Jack Dorsey and Brian Chesky […]
Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO
Paytm has raised $1.1 billion in India’s largest ever anchor round as part of its initial public offering, which is also shaping to be the nation’s largest, as the poster […]