2015 seems to be working in Paytm’s favour in terms of expansion and growth. In January 2015, Paytm caught the eye of Chinese ecommerce giant, Alibaba resulting in the giant taking $550 million stake in One97 Communications.
Ratan Tata, known for his sharp business sense, has made yet another personal investment in the ecommerce space, Paytm. He had previously invested in Snapdeal, Urban Ladder, Bluestone and CarDekho.
“I’m happy that someone like him (Tata) has put his faith and trust in our values and mission. There is no better adviser for Paytm,” said Vijay Shekhar Sharma, founder of Paytm. “Mobile commerce has taken off incredibly fast. We have done $1 billion in gross merchandize value (GMV) in just about a year of launch of the Paytm wallet and marketplace,” Sharma told TOI.
After dwindling with her family business, into travel and hospitality, for more than 3 years, Pooja Vishant found her true love in writing. Happy-go-lucky and cheerful, she loves pink; so pink is the way to go if you want to get into her good books. The Associate Editor keeps track of even a leaf that has moved in the ecommerce world!
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