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Posts Tagged ‘ One97 Communications Ltd. ’


Exclusive: Paytm invests in AbhiBus and ClearTax

One97 Communications Ltd, which runs a mobile wallet and e-commerce marketplace under Paytm, has invested in bus ticketing platform AbhiBus and income tax filing website ClearTax, sources said. For more details on the transactions, click here. The investment in AbhiBus is particularly interesting as...

1 October, 2015 | More »


Paytm raises fresh funding from Alibaba, Ant Financial

One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has raised an undisclosed amount in a fresh round of funding from NYSE-listed Alibaba Group Holding Ltd and existing investor Ant Financial. Ant Financial, a privately owned group firm controlled by Alibaba founder Jack...

29 September, 2015 | More »


“We will start India’s first payments bank”: Paytm founder

Patym founder Vijay Shekhar Sharma wants to be the first player to launch a payments bank in the country. He was one of the two individuals besides nine other entities to get the Reserve Bank of India’s nod for a payments bank licence. “We are excited about the opportunity that RBI has given us....

11 September, 2015 | More »

Vijay Shekhar Sharma, founder of Paytm

We will bring 500M users to Paytm platform by 2020: Vijay Shekhar Sharma

Vijay Shekhar Sharma, founder of Paytm, was one of the two individuals, besides nine other entities, to be granted a payments bank licence. He believes that being a payments bank, Paytm can now provide its customers with a three-step life cycle comprising pay, buy and save. “Our primary strate...

9 September, 2015 | More »

Vijay Shekhar Sharma

One97 to hive off payments unit under Paytm

One97 Communications Ltd is planning to separate its e-commerce and payments businesses as part of plans to go head first with the payments bank platform. The company that counts Alibaba’s Alipay and SAIF Partners as large shareholders will separate the payments business under a new company Pa...

21 August, 2015 | More »

Bhawna Agarwal

NDTV’s Gadgets 360° raises funds from Paytm parent; appoints Bhawna Agarwal as CEO

Noida-headquartered One97 Communications Ltd, which owns mobile commerce and virtual wallet property Paytm, has invested an undisclosed amount in media group NDTV’s new e-commerce venture Gadgets 360°. One97 Communications joins other investors who recently backed the venture valuing it at close ...

17 August, 2015 | More »


Fitness tracker GOQii raises funding from Paytm’s founder Vijay Sharma

GOQii Technologies Pvt Ltd, a startup which offers a device that helps customers track fitness, has raised an undisclosed amount from Vijay Shekhar Sharma, founder and CEO of mobile internet firm One97 Communications. Incorporated in 2013 by Vishal Gondal, California-headquartered GOQii has offices ...

3 July, 2015 | More »


Paytm parent One97 adds top WhatsApp and Inmobi executives to its board

Mobile commerce and virtual wallet property Paytm has appointed WhatsApp’s global business head Neeraj Arora, InMobi founder Naveen Tewari and Facebook’s first woman engineer Ruchi  Sanghvi  to its board of directors. “Ruchi, Neeraj and Naveen all come with tremendous internet commer...

24 June, 2015 | More »


One97 to enter e-grocery with new app Zip

One97 Communications Ltd, which runs a mobile payments, recharges and mobile-first e-commerce marketplace Paytm, is floating a new app named Zip to connect users to both local offline as well as online grocers. This will mark the second such consumer facing product for One97 which currently operates...

20 April, 2015 | More »


Paytm parent One97 raising $635M from Alibaba Group, SAIF; valued just over $2B

Noida-headquartered mobile internet firm One97 Communications Ltd, which has been in talks with various suitors to raise fresh money, especially to boost its flagship m-com and virtual wallet property Paytm, is raising $575 million from the world’s largest e-com firm Alibaba and the group̵...

12 January, 2015 | More »

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