• Finclable News

Paytm extends deadlines for shareholders before the IPO

The poster boy of Indian fintech space Paytm has extended the deadline for the shareholders to submit documents regarding the stocks and ESOPs they hold.

Now the shareholders of the Payment giant have up to 30 days to submit the required documents.

This comes after lots of shareholders missed the deadline and complaint about the same due to ongoing situations.

Paytm is going to list via an IPO soon and the valuation it will be seeking will be around $3 Billion.

Paytm is headquartered in Noida in Delhi NCR, it also has offices in Bangalore, Mumbai and Gurgaon.

The primary product of Paytm is its digital wallet and digital payments arm, It also has banking and insurance licenses and runs Paytm Payments Bank.

Paytm has an investment platform called Paytm Money which helps users to invest in mutual funds, stocks, NPS, and digital gold powered by Paytm Gold.

Paytm also has a travel booking product under the name of Paytm Travel.

Paytm also forayed into the eCommerce space with Paytm Mall and Paytm Bang (Pinduoduo counterpart)

Paytm launched Paytm First Games to enter into the online gaming space along with their loyalty program Paytm First.

Under Paytm First, they partnered with Citi Bank to co-create Paytm First Credit Card.

Paytm has also acquired companies like Nearbuy, Little, Insider to name a few.

Paytm is an Indian digital payments company started in 2010 by its founder Vijay Shekhar Sharma who is a Delhi School of Engineering alumni.

Paytm which started as a digital payments startup has now forayed into multiple domains and have multiple competitors in each of the domain its operate:

In the Payments space, its major competitors are PhonePe, Google Pay. Amazon Pay, Freecharge, Mobikwik.

In the Investment space, the major competitors are Groww, ETMoney, Zerodha, Upstox, INDmoney