Paytm Mall Scores Over 100% Jump In Revenues For FY18

Paytm Mall Scores Over 100% Jump In Revenues For FY18

SUMMARY

Paytm Mall posted a net loss of $245.65 Mn

Total expenses for the year were recorded at $352.13 Mn

With a net worth of $30.46 Mn, Paytm Mall is expanding in all directions and looks to grow multifold

Digital payments giant Paytm’s ecommerce subsidiary Paytm Mall announced its financial results for fiscal 2018, reporting a jump of 104.42% in its revenues, which touched $105.76 Mn (INR 775 Cr). Paytm Mall started operating as a consumer shopping app in February 2017.

According to the financials, accessed via Tofler, a business intelligence platform in India, Paytm Mall also reported a net loss of $245.65 Mn (INR 1,800 Cr) during the same fiscal, nearly 150 times its net loss of $1.86 Mn (INR13.63 Cr) in the previous financial year.

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