Paytm, India’s largest online payments company, plans to raise as much as $3 billion ( ₹21,700 crore) by selling shares to the public by the end of this year, four people aware of the development said. The payments company is likely to raise as much as $2.5-3 billion, they said. Currently, One97 Communications houses the firm’s travel and entertainment ticketing business, its wealth management platform, Paytm Money and gaming venture, Paytm Games, among other subsidiaries. The company housed its wallet and payments under Paytm Payments Bank Pvt. With increased financial discipline and targeted strategic investments, Paytm is on track to break even in the next 12-18 months,” it added.

Source: Hindustan Times May 28, 2021 01:08 UTC