Articles about One97 Communications

Paytm Mall's valuation down 99% after Alibaba, Ant Financial's exit

18 May 2022

Business
Paytm Mall's valuation down 99% after Alibaba, Ant Financial's exit

Paytm Mall, One97 Communications' e-commerce arm, saw a significant drop in valuation as its key backers Alibaba and Ant Financial exited the firm.

Google removes Paytm from Play Store: Here's why

18 Sep 2020

Business
Google removes Paytm from Play Store: Here's why

Paytm, one of India's most valuable start-ups, has suffered a major setback.

Food-tech start-up HungerBox raises $12 million in funding

17 Dec 2019

Business
Food-tech start-up HungerBox raises $12 million in funding

HungerBox, a Bengaluru-based B2B food and beverage technology company that provides solutions for corporate, has raised $12 million in funding.

Paytm raises another $669.5 million from existing investors

13 Dec 2019

Business
Paytm raises another $669.5 million from existing investors

Just a couple of weeks after raising a whopping $1 billion, One97 Communications, the parent of digital payments giant Paytm, has raised $669.5 million (roughly Rs. 4,724 crore) in another round of funding.

Paytm raises $1 billion, becomes most valued Indian start-up

25 Nov 2019

Business
Paytm raises $1 billion, becomes most valued Indian start-up

One97 Communications, a Noida-based company that owns digital payments platform Paytm, has raised around $1 billion in a recent funding round.

Warren Buffett set to invest Rs. 2,000+ cr in Paytm

27 Aug 2018

Business
Warren Buffett set to invest Rs. 2,000+ cr in Paytm

If reports are to be believed, Warren Buffett's Berkshire Hathaway are in talks with Paytm parent company, One97 Communications to invest around Rs. 2,200-2,500cr ($300-350mn) in the digital payments company.

Meet the 6 youngest self-made Indian billionaires under 50

17 Jun 2018

Business
Meet the 6 youngest self-made Indian billionaires under 50

Becoming a self-made billionaire is no easy task; it's one of the greatest achievements.

Meet the 6 youngest self-made Indian billionaires under 50

26 Apr 2018

Business
Meet the 6 youngest self-made Indian billionaires under 50

Becoming a self-made billionaire is no easy task; it's one of the greatest achievements.

Paytm to become a $10bn start-up after secondary share sale

28 Jan 2018

Business
Paytm to become a $10bn start-up after secondary share sale

The valuation of home-grown digital payments giant Paytm, owned by Noida-based One97 Communications, is likely to jump to $10bn after some existing and former employees sell a part of their shares to new investors, including Canada-based Discovery Capital. Information about other investors isn't available yet.

Paytm Payments Bank incurred Rs. 30cr loss in 7 months

06 Oct 2017

Business
Paytm Payments Bank incurred Rs. 30cr loss in 7 months

In its regulatory filing to Registrar of Companies (RoC), Paytm Payments Bank informed that in the time period between August 2016 and March 31, 2017, it has incurred losses of Rs. 30.7 crore.

Paytm looking to become a full-service bank through partnerships

01 Sep 2017

Business
Paytm looking to become a full-service bank through partnerships

Paytm's rise to prominence during the demonetization-phase fuelled its ambition to get into the banking business.

Paytm, Hong Kong-based AGTech Media to develop games jointly

26 Jul 2017

Business
Paytm, Hong Kong-based AGTech Media to develop games jointly

One97 Communications-owned digital payments giant Paytm inked a joint venture deal with Hong Kong's lottery company AGTech Media, a wholly-owned subsidiary of AGTech Holdings.

Paytm Mall gets 800 employees, will hire 2,000 more

10 Jul 2017

Business
Paytm Mall gets 800 employees, will hire 2,000 more

Paytm appears to be readying itself to become the third major e-commerce entity besides Flipkart and Amazon in India. It recently shifted 800 employees from One97 Communications to Paytm Ecommerce Pvt Ltd which runs Paytm Mall.

After RBI nod, Paytm Payments Bank to launch next week

17 May 2017

Business
After RBI nod, Paytm Payments Bank to launch next week

Paytm has received the final license for its payments bank from the RBI, clearing the way for its planned May 23 launch.

Paytm launches its Payments Bank

03 Jan 2017

Business
Paytm launches its Payments Bank

Since demonetization was announced on November 8, use of Paytm soared and it began to be adopted by small and big retailers in urban/rural areas.

Big Bazaar goes online with Future Group and Paytm Partnership

07 Aug 2016

Business
Big Bazaar goes online with Future Group and Paytm Partnership

Retail company Future Group tied up with Paytm, an e-commerce mobile payment and commerce platform this month.