Tag: Paytm
Photo: OpIndia
ALIBABA SELLS OVER HALF OF ITS STAKE IN PAYTM AFTER SELLING SHARES IN BIGBASKET AND ZOMATO, RUMOURED TO BE EXITING INDIA
Paytm’s stocks on Thursday saw a sharp downside movement after a block deal that took place where 259,930 shares were sold. The shares were sold at Rs 535.90 worth Rs 13.93 crore. Sources have confirmed that Chinese group Alibaba is behind the block deal, thereby… Read More
Photo: Hindustan Times
Ola, Flipkart, Paytm Others – We Want Great Indian Companies…
Indian startups or young companies including Ola, Flipkart and PayTm are in fight for their lives (with no end in sight) against well funded global competitors - Uber, Amazon, etc. Ola just got new funding commitment of over Rs. 7,000 crores and Flipkart got a few thousand and so did… Read More
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Photo: Market Watch
Cashless India Will Soon Be World Leader, Credit Card Usage Going Down…
The deliberate demonetization of 85%+ of money in November 2016 forced many changes. Initially business activity slowed, but then given jugaad - Indians started switching to mobile money (even without bank accounts)- such as the 10 apps - PayTm, Freecharge, Mobikwik, and others, all Indian companies. Even for street vendors… Read More
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Photo: WSJ
INDIAN E-COMMERCE COMPANIES MAKING MILLIONS & CRORES OF LOSSES EACH MONTH … IS THIS SUSTAINABLE?
India's eCommerce market should hit USD 11 billion or nearly Rupees 73,000 crores by year end. There is intense fight for market share and dominance among the well known players. However, most if not all companies are bleeding crores of losses each month. Per estimates, Amazon is losing an estimated… Read More
