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Paytm Transfers 800 Staff To Paytm Mall, Hire 2000 More
The digital payments company Paytm has moved 800 employees from its parent company One97 Communications to its latest venture Paytm Mall. Paytm Mall also announced the heads of key executive roles and plans to hire about 2000 more employees across business and technology roles this year.
The payments bank was launched after One97 Communications separated its commerce and payments businesses into separate entities. The company, backed by Alibaba, also plans to scale up its partner network by adding 3000 Paytm Agents and go deeper into tier II and tier III cities.
Paytm E-Commerce Private Limited also raised $200 million from Alibaba Group and SAIF Partners in April for its stand alone web portal and app based Paytm mall. Amit Sinha was previously appointed as the Chief Operating Officer for Paytm Mall this past month. On Monday, Saurabh Vashishtha, Amit Bagaria Bhushan Patil and Sunil Goyal were appointed as the heads of marketing, customer experience, logistics, products and technology respectively.
The app, launched in February will host 14,000 sellers for millions of products across various categories including fashion, electronics, consumer durables and home furnishings among others. They have partnered with 40 couriers and own 17 fulfillment centers to offer good reach to sellers.
Paytm Mall, which will compete against ecommerce giants Flipkart and Amazon, also plans to add close to a billion products, for which sellers from all over Southeast Asia are being contacted. Speaking of the recently appointed heads of the various departments, COO Amit Sinha said he was excited to work with the long standing colleagues to build the most trusted online shopping platform.
The ecommerce company has also will also introduce a new penalty and cancellation policy from July 10. They will create different slabs for cancellation fee depending on the stage of the order getting canceled or delayed by a seller. Sinha also added that they constantly update their trusted seller partners about the best practices to ensure they offer consumers an enhanced consumer experience.
Zerodha experienced a challenging FY25, as its revenue fell 11.5% to ₹8,847 crore and net profit dropped 22.9% to ₹4,237 crore. This decline reflects tougher regulatory conditions, lower trading volumes, and increased operational costs in the brokerage market, all of which impacted core earning segments for the company.
Despite these headwinds, Zerodha improved its operating margin to 63.78% and built up significant cash reserves, reporting ₹22,679 crore in bank balances. Salary expenses and director remuneration increased, but disciplined cost controls helped the company maintain profitability and a debt-free balance sheet. The drop in active clients and increased compliance costs further contributed to the profit contraction.
Looking ahead, Zerodha’s resilience is supported by its robust cash position and operational efficiency. Maintaining steady margins, diversifying product offerings, and investing in technology positions the company to withstand future regulatory fluctuations and changing market sentiment reinforcing its status as one of India’s leading brokerage firms.
Zoho Corporation has expanded its fintech portfolio with the launch of Zoho Pay, a UPI-based payments app built to challenge India’s top digital payment giants such as PhonePe, Paytm, and Google Pay. The new app supports peer-to-peer transfers, bill payments, QR-based transactions, and merchant settlements in a streamlined interface. Available as both a standalone app and an integrated feature inside Zoho’s privacy-driven messenger Arattai, Zoho Pay enables users to handle chats and payments in one platform, emphasizing data privacy and Made-in-India innovation.
Through seamless integration with Arattai, Zoho Pay allows users to send or request payments, split expenses, and conduct UPI-based transactions directly in their chat windows. Users can link bank accounts, scan dynamic QR codes, and receive audio confirmations of payments, ensuring speed and security. This design mirrors the simplicity of India’s leading UPI apps but is powered by Zoho’s non-advertising, privacy-first model. The integration aligns with Zoho’s mission to build a self-reliant digital ecosystem, where messaging and money management coexist securely.
In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.
Latest News
Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach
Meta has expanded its AI-powered translation feature for Reels to include Hindi and Portuguese, joining English and Spanish in empowering creators to reach a broader global audience on Instagram and Facebook. Originally launched in August 2025 with support for English and Spanish, this update now allows creators to seamlessly translate and dub their short videos, breaking language barriers across some of the largest Reels markets worldwide. The AI technology mimics the creator’s voice tone and even offers lip-syncing to ensure the translated videos feel natural and engaging for viewers.
This enhancement is especially significant for India, the largest market for Facebook and Instagram, where over 600 million people speak Hindi. Content creators who are not fluent in Hindi can now easily access this vast audience, increasing their reach and engagement across diverse linguistic groups. To maintain transparency, all translated Reels are clearly labeled with “Translated with Meta AI,” and viewers can choose to switch translations on or off based on their preference.
In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.
Google Launches Startup Hub in Hyderabad to Boost India’s Innovation Ecosystem
Indian Man Quits JPMorgan, Takes 70% Pay Cut to Launch $6 Million Startup
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