India’s home-grown Paytm Payments Bank Limited (PPBL) has appointed veteran banker Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The appointment has been approved by the Reserve Bank of India for a period of three years, a statement said. Chawla brings with him an illustrious career in Retail Banking spanning…
One 97 Communications Limited that owns the brand Paytm, India’s leading digital payments and financial services company, announced the appointment of financial services veteran GS Sundararajan as an Independent Director to its Board. The company also announced the retirement of Independent Director Mark Schwartz from its Board, upon completion of his tenure. Previously, Schwartz had…
Shareholders of One97 Communications, which operates under the Paytm brand, have approved the reappointment of Vijay Shekhar Sharma as the managing director (MD) and chief executive officer (CEO) of the company, according to the PTI report. Investors advisory firm IiAS had recommended against the reappointment of Sharma and several other resolutions that were part of…
Paytm founder Vijay Shekhar Sharma and Innov8 CEO Ritesh Malik have invested Rs 1.5 crore in the Indore-based outsourcing startup Supersourcing. Commenting on the startup, Mayank Pratap Singh, founder, Supersourcing, said: “We aim to build back the trust in the IT outsourcing industry, an attribute it did have a while ago. This can only happen…
Paytm is doubling down on efforts to hire from smaller towns said Vijay Shekhar Sharma, Paytm CEO. The fintech firm will also allow these employees to continue working from home instead of moving to other cities where the offices are located, keeping the healthcrisis in mind. He said during ClearTax e-Invoicing Leadership Conclave – “We…
Treebo Hotels, the Bengaluru-headquartered budget hospitality chain, announced that it has raised ₹10 crore from a group of angel investors. The list includes Vijay Shekhar Sharma, founder and CEO of Paytm; Jaydeep Barman, co-founder and CEO of Rebel Foods (Faasos); and Deepak Parayanken, Managing Director of Mozambique Holdings. Shantanu Deshpande, co-founder and CEO of Bombay…
Bengaluru-based Arkam Ventures, formerly known as Unitary Helion, recently announced the first close of ₹325Cr of its maiden ₹700Cr startup fund. The company says it will focus on early-to-growth-stage startups in Series A, Series B stages across financial services, healthcare, food, agriculture, and mobility space. The new fund is backed by investors like Small Industries…
Paytm Mall, an online and mobile marketplace and a subsidiary of One97 Communications’ Paytm brand, announced that it has appointed Abhishek Rajan as Chief Operating Officer. Also, the company named Srinivas Mothey as new Senior Vice President. In his new role as COO, Abhishek will oversee the operations across categories, product, technology, supply chain, marketing…
Refrens, a Bengaluru-based startup that helps freelancers and small businesses with invoices and payment, announced it has raised funds from a group of angel investors including Paytm’s Vijay Shekhar Sharma and Shaadi.com founder Anupam Mittal. Other investors that took part in the funding round include early-stage fund Firstcheque, Gireesh Subramaniam of Freshworks, Sujayath Ali and…
Vijay Shekhar Sharma, Founder, and CEO of Indian digital payment giant PayTM recently announced that his company expects to turn profitable after two years as it is monetizing the existing customer base and eyes financial services as its next major frontier for growth. As per an interview with The Press Trust of India, Sharma said…
Former PayTM executive Sonia Dhawan has recently joined private equity SAIF Partners as Corporate Communication Advisor. She will be responsible for handling the media strategy of SAIF and companies under its portfolio. Companies under SAIF’s umbrella include PayTM, Meesho, ClearTax, Rivigo, Swiggy, and Chaayos. Earlier, Dhawan was the Vice President of Corporate Communications for First…
Paytm, an Indian e-commerce payment system and financial technology company, is in advanced talks with multiple investors, including former UK Prime Minister David Cameron to raise another $1 B in funding. As per sources, the discussions are on and might take a few weeks to get finalised. Paytm is presently backed by investors – T Rowe Price, Ant Financial and SoftBank Vision Fund.
Paytm, One97 Communications Limited (OCL), parent company of Indian digital payments, has raised an equity fundraise from a group of investors, including existing shareholders such as Ant Financial and Softbank Vision Fund.
Paytm Payments Bank, India’s only mobile-first bank with zero balance and zero digital transaction charge accounts has appointed Satish Kumar Gupta as managing director and chief executive officer of the digital bank, the company said in a statement on Wednesday. His appointment comes a few months after Renu Satti, former CEO of Paytm Payments Bank stepped down from…
Innov8 Coworking, the Y-Combinator backed workspaces and community startup, on Thursday announced that the firm had raised USD 4 million funds to expand its business and double its seating capacity to 8,000 by March next year. Innov8 was started in 2015 by Ritesh Mallik. It currently has 13 coworking spaces in the National Capital Region…