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Vijay Shekhar Sharma Pledges Personal Stock For Paytm Mall

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VIJAY SHEKHAR SHARMA PLEDGES PERSONAL STOCK FOR PAYTM MALL,Startup Stories,Vijay Shekhar pledges personal stock for employee stock pool in Paytm Mall,Vijay Shekhar Sharma Pledges $50 Mn Worth Of Personal Shares For ESOP Pool In Paytm Mall,Paytm founder pledges personal stock in company arm,Paytm founder Vijay Shekhar Sharma pledges private inventory for worker inventory pool in Paytm Mall

Vijay Shekhar Sharma, the founder and Chief Executive Officer of Paytm, has pledged his personal stock in the ecommerce arm of Paytm, Paytm Mall for the employee stock option pool. Sharma will be pledging about 5% of his stock, which amounts to $ 50 million, to the ESOP corpus which will then become 10% of the overall company. This move to pledge personal stock to the ESOP corpus comes after Flipkart completed the largest buyback by a privately held Indian startup worth $ 100 million.

Owned and operated by One97 Communications, Paytm Mall was launched in February this year as a new version of Paytm’s three year old ecommerce arm. Confirming the move, Sharma said, “I have given parts of my holding towards the employee share pool. I had done something similar long time back for One97 Communications and I have done this now for Paytm Mall.” Several employees of the Paytm’s parent One97 Communications encashed their stocks worth about Rs. 100 crores, earlier this year.

According to filings with the Registrar of Companies, Sharma had a 19% stake in Paytm Mall which will be reduced to 14% post this allocation. Paytm Mall offers a unique combination of the mall and bazaar concepts to Indian consumers. Backed by China based ecommerce major, Alibaba, the ecommerce arm of Paytm has built its marketplace by selling apparel, footwear, smartphones, bus tickets and movie tickets.

Paytm Mall raised close to $ 200 million from Alibaba and SAIF Partners in March this year. Following this investment, Paytm further invested up to $ 2.5 billion in the ecommerce platform to compete against Flipkart and Amazon over the top spot in the ecommerce industry. The company is also in talks with the Japan based venture capital firm Softbank to raise fresh funds. Currently, according to Hurun India’s Rich List 2017, Vijay Shekhar Sharma is the 6th richest India with a net worth of $ 1.47 billion.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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