Company Name: Paytm
Company Website: www.paytm.com
Company Profile:
More Details: https://goo.gl/nvqraC
Company Website: www.paytm.com
Company Profile:
Paytm is an Indian e-commerce shopping website launched in 2010, owned by One97 Communications which initially focused on Mobile and DTH Recharging. The company is headquartered in Noida, India. It gradually provided recharging and bill payment of various portals including electricity bills, gas bills, as well as telephone bills. Paytm entered India's e-commerce market in 2014, providing facilities and products similar to businesses such as Flipkart, Amazon.com, Snapdeal. In 2015, it added booking bus travel.
Paytm was founded and incubated by One97 communications in 2010 as a prepaid mobile recharge website. Paytm is an acronym for "Pay Through Mobile". Today,it is India's most popular online destination for prepaid mobile and DTH recharges and shopping, and its Android and iOS apps have been ranked among the most popular apps. In three years since the founding, the company created a user base of 25 million wallet users and 10 million app downloads.
In 2014, the company launched Paytm Wallet, India's largest mobile payment service platform with over 40 million wallets. The service became the preferred mode of payment across leading consumer internet companies such as Uber, BookMyShow, Tolexo and MakeMyTrip Morninginfotech.
Paytm got a major boost in e-commerce when Indian industrialist Ratan Tata made personal investment in the firm in March 2015. In the same month, the company received a $575 million investment from Chinese e-commerce company Alibaba Group, after Ant Financial Services Group, an Alibaba Group affiliate, took 25% stake in One97 as part of a strategic agreement.
More Details: https://goo.gl/nvqraC
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