On July 14, 2021, the stage was set, and excitement was high when Zomato launched its IPO. At ₹72–76 per share and a size of ₹9,375 crore, the offering sparked immense excitement. However, only a few anticipated what followed...
In the ever-evolving Indian startup ecosystem, food delivery giant Zomato is discussing acquiring Paytm’s ticketing business for approximately ₹1,600-1,750 crore ($190-210 million). Both companies have confirmed this deal in their filings, indicating a significant strategic realignment for both parties.
The...
Paytm's troubles seem far from ending following the RBI's ban on its Paytm Paytments Bank earlier this year. The shutdown of its wallet business has compelled the fintech giant to implement restructuring and cost-cutting measures, resulting in sudden mass...
Adani is in talks to acquire Paytm!
Adani Group is reportedly eyeing a stake in Paytm's parent company, One97 Communications Limited (OCL). Sources familiar with the matter revealed that Paytm CEO Vijay Shekhar Sharma recently visited Adani's office in Ahmedabad...
Paytm, India's fintech giant facing financial headwinds, has announced a strategic shift in its insurance business. In a bid to streamline operations and conserve capital, Paytm General Insurance Ltd (PGIL) has withdrawn its application for a general insurance license...
Paytm has unveiled its financial results for fiscal year 2024, showcasing a year marked by a mix of growth and challenges. Despite a challenging fourth quarter, the company's performance in the first three quarters helped it close the year...
The regulatory measures imposed on Paytm Payments Bank by the Reserve Bank of India (RBI) have had a direct impact on Paytm's market dominance in India. Since the announcement of the ban on January 31, 2024, each passing week...
The repercussions of the Reserve Bank of India's (RBI) ban on Paytm Payments Bank are becoming increasingly evident, with a significant hit to Paytm's UPI market share. Recent insights obtained by Moneycontrol from banking sources reveal that Paytm's UPI...
User complaints can have severe repercussions for any B2C business, particularly operating in the fintech sector where daily financial transactions are the norm. Paytm Payments Bank, owned by One97 Communications, has reportedly witnessed a massive surge in customer complaints...
One97 Communications Ltd (OCL), the parent company overseeing all Paytm entities, has officially disclosed a restructuring plan for the Paytm Payments Bank (PPBL) Board. This strategic move involves the departure of the visionary founder, Vijay Shekhar Sharma, from his...