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Tag: paytm ecommerce

Paytm In Talks To Acquire Online Travel Company Via.com
19Sep By PriyankaNo Comments
ACQUISITION

Paytm In Talks To Acquire Online Travel Company Via.com

One97 Communications' Paytm is in discussions and likely to acquire online travel company Via.com as it doubles down on its travel and hospitality business. Paytm has held preliminary discussions although a term-sheet is yet to be signed, according to some people aware of the developments. The valuation of Via.com could could hit as high as $80 million for the sale, according to the source VCCircle. Bengaluru-based Via.com, backed by venture capital investors including IndoUS Venture Partners and Sequoia Capital, had earlier raised about $15 million in funding. The company was founded in 2007, formerly known as FlightRaja has 100,000 active travel partners across 2,600 towns and cities, and covers more than 13,000 pin codes across Asia. RELATED   Paytm In Talks To Acq...
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Paytm Mall To Invest $35 Mn To Further Strengthen Its Logistics Network
22Aug By AnkitaNo Comments
CHINA

Paytm Mall To Invest $35 Mn To Further Strengthen Its Logistics Network

Paytm Mall is planning to put more money(around $35 million) to strengthen its logistics infrastructure, technology and add more product offerings to further strengthen its position in the market. "Paytm Mall is now expanding its logistics support by servicing demand with local supply to service same-day and next-day deliveries,” the company said in a statement. In the first phase, the company had limited its offerings to electronic goods and appliances across 25 cities. Now, it plans to expand its footprint to 100 cities and add other categories of merchandise as well. “We aim to build a trusted and highly-efficient logistics network to help local shopkeepers offer more convenient shopping experience to customers and enable brands to save up to 50% on logistics, as they will be able to...
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