Paytm Invest in Bus Ticketing Software Provider
One97 Communications Ltd, which owns Paytm has made a strategic investment in Rajkot-based bus ticketing solutions provider Infinity Transoft Solutions.
While the company did not disclose investment details, sources close to the development said Paytm has pumped in upwards of Rs 10 crore.
Paytm entered the online bus ticketing space in 2015 and currently offers bus tickets across more than 62,000 routes through its integrations with more than 2,000 private bus operators.
It also offers online ticketing for state-run road transport corporations in Andhra Pradesh, Telangana, Gujarat, Uttar Pradesh, Maharashtra and others.
"We are excited to announce our strategic association with Infinity. This partnership will help us bolster our payments and ticketing technology solutions for b...