Paytm

The funds will help the company in towards scaling up the product

It will also set up new business verticals

The company says it sells 6 Mn travel tickets every month

Currently offering MFs, the company plans to offer NPS soon

Founder CEO Pravin Jadhav speaks on Paytm Money’s plans and business strategies

Started in September last year, the company has acquired over 3 million investors since then

Paytm Entertainment’s post-money valuation is said to have reached $81 Mn

Paytm Entertainment acquired TicketNew last year

Paytm and BookMyShow will face challenges with the entry of Jio offering First Day First Show

Paytm’s consolidated net loss was INR 4,217 Cr for FY19

One 97 Communications posted INR 3,959.6 Cr in net losses

Paytm Money reported a net loss of INR 36.8 Cr in FY19

The company had recently raised funds from SpecialE

Kawa plans to deploy 60 satellites in space, starting December this year

The company has also won a contract to build more than 27 satellites for the Indian government and ISRO

Both the parties are waiting for RBI’s approval before going through with the deal

YES Bank has been looking for fresh capital to support its increased bad loans provisions

Paytm Payments Banks has been undergoing legal troubles

Sharma said public listing for Paytm is inevitable

The company is working on the roadmap for the IPO

Paytm was last valued at $15 Bn, according to the founder

We bring to you the latest edition of movers and shakers of the week in the Indian startup ecosystem

Shiprocket has on-boarded industry veteran Indranil Nath as Senior VP, Supply Chain, and Operations

Paytm has announced the expansion of its leadership team with two former Google executives

Alibaba will be entering the domain through its UCWeb browser app

The platform will include a movie ticketing service

The company says it would not be competing directly with portfolio company Paytm

PIL was filed in May alleging illegality of postpaid service by Paytm Payments Bank

RBI has said that PIL is indirectly attempting to misguide the court

Paytm also claimed that the PIL is incorrect

Ritesh Agarwal has decided to take up a larger role in the company’s Singapore office

Two IIT-Madras-incubated startups have pledged to create 1 Lakh experts in AI and ML by 2020

Paytm has announced the appointment of Amit Nayyar as President

The scaling up would include payment for insurance for tuition fee loans etc

Paytm Education had a GMV of a little less than $1 Bn last year

Fee Protect will provide insurance for tuition fees