Paytm

Intro and history: Paytm, an acronym for "Pay Through Mobile", is an Indian e-commerce payment system and financial technology company, based out of Noida, Uttar Pradesh, India. Founded in 2010 by Vijay Shekhar Sharma, it started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013. It has since grown into a full-fledged digital financial services platform offering a range of services from online shopping and payment systems to lending and investments. Industry: Financial Technology, E-commerce Product, Services and Operations: Paytm offers a multitude of services including online shopping, mobile recharge, DTH recharge, bus ticket booking, flight booking, rail booking, and bill payments. It also offers digital products like Paytm Payments Bank, Paytm Wallet, and Paytm UPI. Funding Details: Paytm has raised more than $4.4 billion in funding over 12 rounds, the latest being in November 2020. Its investors include SoftBank, Ant Financial, and T. Rowe Price among others. Acquisitions: Paytm has made several notable acquisitions including online ticketing platform TicketNew, hotel booking platform NightStay, savings management startup Balance Tech, and local services startup Near.in. Awards and Achievements: Paytm was recognized as India's 'Most Trusted' e-commerce and retail brand by the Brand Trust Report, India Study 2017. In 2020, Paytm Money received the award for 'Best Financial App' at the Global Mobile App Awards.