Paytmm, formerly One97 Communications, is a digital payments start-up that offers innovative and intuitive digital products and services for customers and merchants.
Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. Available at Paytm.com and all app stores, it offers incredible user experience and support.
Paytm was founded on August 2010 by Vijay Shekhar Sharma. The company is based Noida, Uttar Pradesh, India.
Paytm is currently available in 11 Indian languages, and help users easily make digital payments from their phones and top up credit. It has since expanded to a wide range of services such as payment gateway, e-commerce marketplace, movie and travel ticket booking, as well as insurance and digital gold.
Paytm's products include Paytm Wallet, Paytm Gold, Paytm Payments Bank, Business with Paytm App. Paytm also launched two new wealth management products - Paytm Gold Savings Plan and Gold Gifting for long-term savings.
Paytm has amassed more than 330 million users across its services, more than a third of whom transact annually.
Paytm is backed by Alibaba Group, SoftBank, Blackrock, GIC, CPPIB, Ant Group, Berkshire Hathaway, Abu Dhabi Investment Authority,, Sapphire Ventures, Birla MF, and others. The company raised $1.104B in an pre-IPO equity financing on Nov 03, 2021. This brings Paytm's total funding to $4.4B to date. Paytm was valued at $16B from a financing raised in Nov 2019.