![]() Soon after, it received backing from Ratan Tata, the MD of Tata Sons. In March 2015, Paytm received its huge stake from Chinese e-commerce company Alibaba Group, after Ant Financial Services Group, an Alibaba Group affiliate, took 40% stock in Paytm as part of a strategic agreement. Its travel business crossed $500 million in annualised GMV run rate, with 20 lakh tickets booked per month. Paytm's registered user base grew from 1.18 crore in August 2014 to 10.4 crore in August 2015. In 2015, it added education fees, metro recharges, electricity, gas, and water bill payments. ![]() It launched into e-commerce with online deals and bus ticketing. By January 2014, the company had launched the Paytm Wallet, which the Indian Railways and Uber added as a payment option. In October 2011, Sapphire Ventures (fka SAP Ventures) invested $10 million in One97 Communications Ltd. ![]() It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013. Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR. For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹13.2 lakh crore (US$170 billion). Paytm's parent company, One97 Communications, got listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games. In partnership with financial institutions, Paytm offers financial services such as microloans and buy now, pay later to its consumers and merchants. The company offers mobile payment services to consumers and enables merchants to receive payments through its QR code, Payment Soundbox, Android based- point of sale machine and online payment gateway offerings. It was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. Paytm (acronym for " pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida.
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