Paytm needs no introduction. Founded in 2010 as a mobile recharge website, the company has today turned into an e-commerce and online shopping giant. Over the last one year, the company generated sufficient investor interests and it came as no surprise that in February 2015, the Chinese e-commerce colossus, Alibaba Group invested $65 Mn in the company.
There has been sufficient rumors and speculations on the funding Paytm has received this Calendar Year, 2015 and particularly in from April to October 2015. Due to this uncertainty, Company Databases and Newspapers have not been able to report the exact amounts of funds raised. The current reporting varies anywhere from ‘undisclosed amount’ to $680 Mn.
In this article, Tofler takes a look at the funds the company has received and the main investors who have poured in their money. We hope this will help clarify the current picture.
Amount received by PayTM in 2015
This year Paytm has received a funding of $410 Million! As is clear from the above table, the biggest investor in Paytm is the Chinese ecommerce giant Alibaba Group.
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Tofler is a Business Research platform and provides data on EVERY Company in India, including the private and unlisted. You can access the Company Data at www.tofler.in
Author – Vishal, a recent addition to Team Tofler, combines his passion of writing with searching for a worthy story in a Company, to make an interesting read.
Editor – Anchal, founder at Tofler, is a CA, CS and has more than 5 years experience in company analysis. She likes to explore and track companies, their performance and senior management.