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Vijay Shekhar Sharma

20% Paytm staff to continue WFH post-pandemic, hiring from smaller towns to increase

Paytm has doubled down on its efforts to hire staff from smaller towns and allow them to continue working from those locations even after the pandemic situation eases, founder Vijay Shekhar Sharma said. "We figured out that we could now recruit from cities...

Paytm Mall moves ops from Noida to Bengaluru, to hire 300

E-commerce platform Paytm Mall, owned by Paytm E-commerce Private Ltd, on Monday announced to move its operations from Noida to Bengaluru and hire over 300 new members for product and technology roles. The company also appointed Abhishek Rajan as Chief...

‘Paytm Mall biz to break even in a year’

Paytm founder Vijay Shekhar Sharma on Monday said he expects Paytm Mall - the company's e-commerce unit - to break even in a year's time. Sharma maintained that Paytm will consider getting listed on stock exchanges only after 2021...

eBay buys 5.5 pc stake in Paytm Mall for US$ 160 million

US based e-commerce firm eBay has bought a 5.59 percent stake in Paytm Mall for US$ 160 million (around Rs 1,101 crore), according to a regulatory filing by Paytm E-commerce Private Limited. According to a PTI report: Paytm E-commerce, the...

Reliance’s e-commerce dream to swallow everyone out there

When Paytm Mall started, it took a cue from its investor Alibaba and aimed to become a digital universe for everything. As part of its initial offers, the company started giving cashback to attract customers. According to Pavel Naiya, Senior Analyst,...

How Paytm killed its e-commerce dream in India

Exactly two years back, Paytm Founder and CEO Vijay Shekhar Sharma, keeping Alibaba model in mind, took a plunge into the burgeoning e-commerce space where Amazon and Flipkart (now owned by Walmart) were two dominant forces. Nurturing a little grudge...

Paytm to build ‘New Retail’ vertical

Digital payments company Paytm on Saturday said that it will build a "New Retail" model to equip shopkeepers with technology, logistics and marketing capabilities. According to One97 Communications, that owns the brand Paytm, under the new model, "consumers will soon...

Paytm receives final tranche of US $445 mn funding from SoftBank, Alibaba

Paytm Mall has received the final tranche of its US $4 45 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday. Kishore Biyani, CEO,...

Hope to cover 1 cr merchants in 3-6 months: Paytm

Mobile-first financial services platform Paytm hopes to cover 10 million merchants across India in three to six months from the existing six million merchant-partners for Quick Response (QR)-based payments, an official said on Thursday. The platform will invest Rs 500 crore in 2018 to...
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