![]() ![]() Now let's talk numbers and learn about the company's financials and how it has been performing through the years. Seems like they are all set to utilize the funding well. ![]() These are two primary purposes other than the capital being utilized for general corporate purposes. The primary reasons for the IPO were growing and strengthening the Paytms ecosystem, including acquiring and retaining consumers and merchants and providing them with greater access to technology and financial services.Īlso, Invest in new business initiatives, acquisitions, and strategic partnerships. Moving forward, we will see why this digital payments giant is coming up with the IPO. is a fresh issue while the balance of Rs. Isn't it great that the company is coming up with such a huge issue size, but the point to be noted is out if the issue size Rs. ![]() Also, the brand is backed by marquee investors like Warren Buffett (Berkshire Hathaway), Jack-Ma (Alibaba Group), Soft Bank Ltd. “Paytm” is an abbreviation for Pay through Mobile. Over the past 5 years, they have launched additional features which have helped increase user base & monetization. History will definitely certify that this was the golden year in the life cycle of PayTm. This was the time when the entire economy had a hard blow in the light of Demonetization, PayTm used the circumstances to their advantage. In 2015 & 2016, they launched additional services such as the QR code for in-store payments and entertainment and flight ticketing, which helped expand the use cases where consumers could use Paytm. During the initial crawling phase, they introduced products like the Paytm Wallet, the Paytm App with mobile top-ups and bill payments, and a payment gateway for merchants, which helped them to create a large customer base. They offer products and services to their consumers and merchants across payment services, commerce, cloud, and financial services. Overview of Paytmįounded in 2010, PayTm is an inspiration of Vijay Shekhar Sharma it commenced its operations with an initial investment of $2 million and back then was a platform for DTH & mobile recharge, which now is a platform for payments, insurance mutual funds services, railways, and air tickets platform and whatnot. ![]() Looks like the industry is all set to grow, right? Now let's dive straight to the overview of Paytm itself. The result of the aforementioned projected growth is forecasted to be valued at US$ 40-50 trillion by the financial year 2026. These numbers are projected to more than double as the public begins to switch to digital payments as time passes due to increased security, convenience, and simplicity.Ĭovid-19 has been a major aspect in increasing the awareness towards digitization as the major provider of groceries, the “Kirana Stores”, directed by government regulations, had to switch to digital payments to maintain the necessities to remain contactless, making the online intermediaries more accepted in the Indian households. Overview of Digital PaymentsĪlthough India is still a majorly cash-driven economy, digital payments have gradually grown with around 43 billion transactions worth $20 trillion as of the financial year 2021. But should you invest in it or not? Let's find out. The biggest IPO in terms of market issues has already created a huge buzz. is once again knocking on our doors- this time not for an E-KYC but for the subscription of its IPO that is hitting the markets today. has been saving us when we forget our wallets. It's been more than a decade now that One-97 Communications Ltd. Ever left for the Diwali bonanza sale of your local market without your wallet? Wondering what to do?- suddenly, you hear the phrase "no worries ji Paytm Karo". ![]()
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