Electric Vehicle (EV) technology startup Naxatra Labs has raised an undisclosed amount in its seed funding round, co-led by GVFL, Delhivery founder Mohit Tandon, and Aspiring Minds founder Himanshu Aggarwal. The announcement was made by Naxatra’s co-founder Abhilash Maurya through a LinkedIn post. Big Funding Round Maurya revealed that this major funding round also saw […]
Paytm, which started in August 2010, has emerged as India’s number one online payment application. It has revolutionized digital transactions by enabling users to make secure and seamless payments by scanning QR codes from any company. Paytm has changed the face of the country today. Paytm Achievement Recently, the company has made headlines with a […]
SoftBank strategic exit from Paytm has drawn significant attention in the financial world. This move, marked by a substantial loss, raises questions about the investment strategies and future prospects of one of the largest tech investors globally. SoftBank’s Investment in Paytm SoftBank initial invested in One97 Communications, a Paytm parent company in 2017 around $1.5 […]
The financial landscape is witnessing a significant shift as mutual funds continue to increase their stake in Paytm, while foreign institutional investors (FIIs) reduce their holdings. This trend is shaping the ownership dynamics of the fintech giant, One97 Communications Limited, which operates under the brand name Paytm. Mutual Funds Show Growing Confidence in Paytm In […]
Paytm shares experienced a significant grew of 9.9% intraday after the announcement of an ESOP pool expansion. This decision of Paytm help in increasing ivestors interest in company as well as market analysis. Let’s delve into the details of this event and its implications for Paytm. ESOP Pool Expansion Paytm recently expanded its Employee Stock […]
In a recent development, Paytm employees seek Reinstatement by approaching the Labour Ministry, alleging unlawful termination. This move has garnered significant attention, shedding light on the employment practices at one of India’s leading fintech companies. The affected employees are seeking reinstatement, citing unfair and unethical treatment by the Paytm management. Unlawful Termination Allegations The aggrieved […]