Connect with us

Funding

Paytm To Invest Rs. 5000 Crores In Payments Unit

Published

on

Paytm To Invest Money In Payments Unit,India Largest Digital Payments Platform,Startup Stories,Latest Business News 2017,Paytm Latest News,Paytm founder Vijay Shekhar Sharma,Paytm Integrated BHIM UPI Platform,Paytm invest more money in mobile payments sector

Paytm, India’s largest digital payments platform, will reportedly invest Rs. 5,000 crores in its payments business over the next three years. Backed by the Chinese investor and ecommerce firm Alibaba, Paytm has been raising additional funds to invest in the growing digital payments sector.

Paytm founder Vijay Shekhar Sharma, speaking in an interview said, “The biggest threat for (sic) us will be us, not anybody else.” According to Sharma, Paytm has invested more than Rs. 5,000 crores in its mobile payments sector so far. “As a company, we have invested the most and will continue to be the largest investor (in digital payments) in the country,” he added.

Sharma believes the entry of global companies would shine a light on the country’s digital payments market and will lead to better consumer understanding and fast standardization of the products. Paytm’s parent company One97 Communication also posted a record revenue of $ 126 million for the fiscal year 2016 – 2017. With a net worth of Rs. 2,376 crores, the company claims to have over 218 million active customers in India.

The demonetization of the Rs. 500 and Rs. 1000 notes worked largely in favor of the digital wallet startups. Currently, more than 20 online payment startups operate in India and various global players have also entered the Indian market. Google launched it’s payments platform Tez last month, whereas, Apple is geared up to launch Apple Pay by the end of this year. In August this year, the global ecommerce giant Amazon also launched their payments service Amazon Pay in India that directly competes with Flipkart’s PhonePe and Paytm.

Paytm has also partnered with the government’s mobile payments interface and has integrated BHIM UPI on its platform. According to sources, the digital wallet startup will train its 5 million merchant partners to create BHIM UPI IDs and will provide users the ability to add multiple bank accounts with one Paytm BHIM UPI account. Recently, the company raised $1.4 billion in equity financing from Japan based Softbank. This round of investment was one of the largest funding rounds by a single investor and the biggest investment for SoftBank in the Indian startup ecosystem.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Funding

Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

Published

on

Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

Continue Reading

Funding

Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

Published

on

My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

Continue Reading

Funding

Ex-100X.VC Partners Launch 247VC, Announce INR 250 Crore Fund for Seed-Stage Startups

Published

on

StartupStories

Former 100X.VC partners Yagnesh Sanghrajka and Shashank Randev have launched a new venture capital firm, 247VC, unveiling a maiden fund with a target corpus of INR 250 crore (about $30 million). The SEBI-registered Category II AIF includes a base of INR 200 crore and a INR 50 crore greenshoe option, and is focused on backing 30 seed-stage startups across India over the next three years.

 

247VC will target high-potential founders in sectors like deeptech, enterprise tech, consumption, and Industry 5.0, with initial cheque sizes ranging from INR 3 crore to INR 4 crore and follow-on capital for top-performing companies. The fund has attracted prominent early backers, including Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Shailendra Majmundar (Johns Hopkins University).

Sanghrajka and Randev, who together have invested in over 200 startups previously, aim to support ambitious founders building for scale and innovation, especially in emerging and underexplored markets. The launch comes as seed-stage investing gains momentum in India, with average cheque sizes rising despite a cautious funding environment.

 

Continue Reading
Advertisement

Recent Posts

Advertisement