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Paytm Funding

Paytm is an Indian e-commerce website headquartered in Noida , India . It was launched in 2010 and adds to the industry of FinTech in India . It is owned by One97 Communications. The firm started by offering mobile recharging, adding bill payment and e-commerce , with products similar to businesses such as Flipkart , Amazon.com , Snapdeal . In 2015, it further added booking bus travel. [3] Paytm also launched movie ticket booking by partnering with Cinépolis in the year 2016. Funding In March 2015, Indian industrialist Ratan Tata made personal investment in the firm. [9] The same month, the company received a $575 million investment from e-commerce company Alibaba Group, [10] after Ant Financial Services Group , an Alibaba Group affiliate, took 25% stake in One97 as part of a strategic agreement. [11] Paytm borrowed 300cr from ICICI Bank in March 2016 as working capital.  Source