Paytm news and archive

India's biggest-ever IPO Paytm slumps on market debut

Mumbai - Indian mobile payments giant Paytm lost more than a quarter of its value on its market debut Thursday after raising 2.5 billion dollar in the country's biggest-ever IPO, as traders questioned whether the loss making firm would ever turn a profit. Asia's third-largest economy has been in the grip of an initial public offering frenzy,...

Retail

Draft e-com policy proposes curbing deep discounts on online platforms

The government is planning to curb the practice of deep discounting on e-commerce platforms like Amazon and Flipkart. The draft e-commerce policy proposes to stop such a pricing policy from a specified date to regulate the sector. The policy has proposed legislation that will cover food delivery sites such as Swiggy and Zomato, online service...

Business

Alibaba hikes stake in Paytm

Paytm is the vehicle for Alibaba’s e-commerce venture in India. In 2016, the Chinese online retailer contemplated a standalone entry into India or an acquisition. For now, the company has decided to raise its stake in Paytm for its e-commerce ambitions. Paytm is expected to spin off its e-commerce business into a new mobile application and a...

Retail

Paytm ties-up with top apparel, lifestyle brands

Paytm has tied-up with companies in a wide range of categories including apparel and accessories, mobiles and electronics, consumer durables and home furnishings, among others. These brands include: The Body Shop, Arvind, Lifestyle, Maxx, Aurelia, Color Bar, Nike, Lotto, Sports Station, United Colors of Benetton, 24*7, Mothercare, Sunglass Hut,...

Retail

Paytm sees four fold growth in fashion, apparel category

The fashion and apparels category at online portal Paytm has grown more than four times year over year. The orders have grown from three lakh a month to two million orders a month during the same time with over 50 per cent of the volume contributed by fashion and accessories products. The company is already doing a significant share of online...