Paytm, an Indian e-commerce payment system and financial technology company have invested an undisclosed amount in Infinity Transoft Solutions, a Rajkot-based bus ticketing technology startup. Infinity Transoft Solutions was founded by Bhavesh Gadhethariya in 2004.
It is understood that the company will use the funds in business growth and expand its team.
In a media statement, Paytm Senior Vice President Abhishek Rajan said “We are excited to announce our strategic association with Infinity. This partnership will help us bolster our payments and ticketing technology solutions for bus operators and enable us to provide a more seamless booking and post-booking experience to our growing base of online bus ticketing customers.”
Infinity Transoft provides software solutions to bus operators and cargo and logistics companies, to manage ticketing, fleet operations, and inventory management.
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