Paytm

Founded in 2010 by Vijay Shekhar Sharma, Paytm is one of the biggest multifunctional digital payments and ecommerce companies in India. Initially starting as a mobile recharge and bill payment platform, Paytm quickly expanded its services to bus ticket booking, ecommerce, e-wallet, and utility bill payments like DTH recharges, gas bills, electricity bills, water bills, and more.

Paytm launched its own payments bank, which allows users to open a bank account with them. It offers services like savings accounts, fixed deposits, debit cards, and mobile banking.

The company also has a dedicated e-commerce platform called Paytm Mall where users can shop for a wide range of products from various sellers.

Additionally, its subsidiary Paytm Money offers mutual fund investment services to its users.

Over the years, Paytm successfully raised funding from several marquee investors across the globe, including Japanese VC firm SoftBank, prominent Indian industrialist and philanthropist Ratan Tata and Alibaba’s Ant Financial, among others.

Paytm particularly gained popularity after the demonetisation of high-value currency notes in 2016, which led to an increased focus on digital transactions. It became a preferred choice for approximately 125 million users to conduct cashless transactions. Presently, it is anticipated to process 60 million transactions each month.

In 2021, it became one of the first new-age tech startups in India to list itself on the public markets.