Paytm Mall’s loss goes up to Rs 1,787 Cr in fiscal 2017-18
By MYBRANDBOOK
Paytm Mall has recorded revenue of Rs 775 crores, 100 times more than the last financial year. However, losses for the SoftBank-backed venture ballooned by 131X to Rs 1787 crore in the financial year 2017-18 as compared to Rs 13.63 crore in the previous fiscal.
This year in April, it raised about $445 million (about Rs 2,900 crore) from SoftBank and Alibaba on a valuation of $2 billion in the financing round. Alibaba and Ant Financial together hold about 55 per cent of Paytm Mall.
Paytm Mall claims to be the third largest horizontal e-commerce platform after Flipkart and Amazon. The company claims to have 10 million merchants transacting on the marketplace.
Paytm Mall has a sharp focus on bringing small merchants online. It follows O2O (offline to online) strategy and eyes at unorganized markets across segments including electronic, fashion and FMCG. The company has also been ramping up grocery vertical to up against rivals Amazon and Flipkart. It is forging partnerships with regional retailers and corporates such as Big Bazaar.
Paytm Mall has recently hired Srinivas Mothey, Milind Pathak, Utkrisht Kumar, Nikhil Dhoka and Rohan Chhazed to beef up its top management.
BREAKING NEWS
TECHNO TRENDS
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
Dell Technologies lives by its commitment of driving growth th
Dell believes in an agile approach to innovation that leverages the brighte
A few changes in policies can make the PLI scheme even more ef
The Production Linked Incentive (PLI) scheme is a government initiative tha
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
SAFE SECURITY SERVICES PVT. LTD.
MICROTEK INTERNATIONAL PVT. LTD.
LENOVO GROUP LTD.
DRUVA SOFTWARE PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Shailendra Katyal
Shailendra is instrumental in Lenovo achieving the no.1 position in PC...
PARTNER SPEAKERS
PSU
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
VIDEOS
Top 25 Brands
Value-Added Distribution
NETPOLEON SOLUTIONS
Netpoleon Group is a Value-Added Distributor (VAD) of Network Security...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
