Tagged: one97 communications

Paytm Adds Paytm Money Mutual Fund App to Wallet for its 850K Users Strong and Growing

Today Paytm‘s newest wallet addition, its Paytm Money app, went live on Android and iOS. In preparation for the launch, the platform reported reaped in 500K registrations to officially start Money’s operations with 850K users, with 65% of the users based in India’s top 15 cities. The announced… Read More

Warren Buffett’s Berkshire Hathaway Set to Buy Stake in Paytm’s Parent Company One97 Communications

Berkshire Hathaway, a multinational conglomerate holding company that was founded by American business magnate, investor, speaker and philanthropist Warren Buffett, is reportedly set to buy a small stake in One97 Communications Ltd, the parent of mobile wallet service provider Paytm. According to India’s media outlet… Read More

Paytm Payments Bank Limited to Launch Next Week

Paytm is launching a bank. The news was published in advance of the announcement that SoftBank had invested $1.6 billion into Paytm’s parent company One97 Communications Limited. The SoftBank investment may have been incentivized due to the fact the Reserve Bank of India had approved the… Read More

SoftBank Backs Paytm with $1.6 Billion

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. The $1.6 billion commitment is said to be the single largest funding round from a single investor in India. Crowdfund Insider reported this past week that Paytm was discussing an investment… Read More

India Fintech Paytm Gets $60M Capital Injection from MediaTek

Delhi-based One97 Communications, which runs mobile payment and ecommerce platform Paytm, has received Rs 400 crore ($60 million) from Taiwanese semiconductor maker MediaTek’s Mountain Capital Fund, reported the India Times.  The deal, which was ratified by the board of directors earlier this week, more than doubles Paytm’s… Read More

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