![]() ![]() Then, in 2015, the Company launched QR, it was upgraded to All-in-One QR in January 2020. In India many of the users of Paytm were making digital and mobile payments for the first time in 2014. Moreover, the launch of Paytm Wallet saw wide-spread acceptance amongst Indians. The Company launched a wallet product, Paytm Wallet in 2014. Paytm is currently available in 11 Indian languages and offers online use-cases like mobile recharges, utility bill payments, travel, movies, and event bookings as well as in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, tolls, pharmacies and educational institutions with the Paytm QR code. Subsequently, on the conversion of the Company to a public limited company, its name was changed to “One 97 Communications Limited” on May 12, 2010. NCT of Delhi and Haryana, at New Delhi on December 22, 2000. The Companies Act, 1956, with a certificate of incorporation issued by the Assistant Registrar of Companies, The Company was incorporated as “One 97 Communications Private Limited”, a private limited company under One 97 Communications has driven innovation in the Indian payments landscape, designing and building products for Indian consumers and merchants alike. Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, country’s largest digital bank with over 58 million account holders. Moreover, the products and services are carefully developed to address large markets, and in areas where the consumers and merchants are underserved.Īlso, the company is on a mission to bring half a billion Indians into the mainstream economy through payments, commerce, banking, investments, and financial services. Paytm is India’s leading financial services company that offers full-stack payments & financial solutions to consumers, offline merchants and online platforms. Presently, Paytm (a partial abbreviation for “pay through mobile”) by One 97 Communications is an Indian multinational technology company that specializes in digital payment system, e-commerce and finance. Its investors include Softbank, Ant Financial, AGH Holdings, SAIF Partners, Berkshire Hathaway, T Rowe Price, and Discovery Capital. Company’s headquarters are in Noida, Uttar Pradesh. One97 Communications Limited that owns the brand Paytm was found by Vijay Shekhar Sharma. While Sharma had said in January that Paytm could turn profitable in the ongoing fiscal, the company had recorded a marginal increase of 1.5% in its operating revenue to Rs 3,232 crore in FY20 from Rs 3,281 crore in FY19.Īccording to Fintrackr, it had controlled its losses to the tune of 30.33% to Rs 2,385.3 crore in FY20 from Rs 4217.2 crore in the previous fiscal.One 97 Communications Ltd incorporated in December, 2000. ![]() So far, it has raised over $3.3 billion from several investors including T Rowe Price, Ant Financials and Elevation Capital (formerly SAIF), among others. Paytm had turned into a unicorn in 2015 with backing from SoftBank. Oyo’s founder Ritesh Agarwal reportedly owns around 30% stake in the company which was worth around $2.2 billion as of July 2020. Raveendran along with his wife and brother owns around 25% stake in the company which is valued at about $15 billion. We’ll update the post in case they do.īesides Sharma, other startup founders such as Byju’s Raveendran and his family’s stake in the company is valued at over $3.5 billion. As per Fintrackr’s calculation, Sharma’s stake in the company that he founded 12 years ago is currently valued at $2.2 billion or Rs 16,990 crore.Įntrackr‘s detailed queries sent to Paytm on Saturday did not elicit any response. It recently raised close to $1 billion at an estimated valuation of $15 billion.įilings show that Paytm boss Sharma holds 90.51 lakh equity shares in the company. While Oyo slipped from its decacorn status in August 2020 and currently its valuation stands at a little over $9 billion after the latest tranche of $7 million, Byju’s is the second most valued startup in the country after Paytm. With this, its current ESOP pool consists of 2,409,428 equity options.įintrackr’s estimates show that the company has added Rs 456 crore worth of options in this exercise and the updated Paytm ESOP pool valued at about Rs 4,520 crore or $604 million, making it one of the largest ESOP pools among Indian startups.Īs per Fintrackr, ESOPs earmarked for employees at Oyo are worth Rs 4,300 crore or $580 million whereas Byju’s ESOPs holding stands at Rs 3,000 crore or $400 million. Paytm is the most valued startup in India with a $16 billion valuation and this also reflects in its employee stock option or ESOP scheme and the personal fortune of the company’s founder and chief executive Vijay Shekhar Sharma.Īccording to regulatory filings, Paytm has altered its ESOP scheme and added 242,904 options to the existing pool. ![]()
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