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One97 Communications Ltd. is India’s leading mobile internet company. Paytm is One97’s flagship brand and is India’s largest digital goods and mobile commerce platform Paytm is also a leading payment solutions provider to e-commerce merchants using its RBI approved semi-closed wallet. Paytm share price now is Rs 16,500 per equity share and is steadily rising due to lots of positive developments.
One97 delivers mobile content and commerce services to millions of mobile consumers through India’s most widely deployed telecom applications cloud platform. Paytm is an Indian e-commerce payment system and digital wallet company.
One 97 Communications (Paytm Stock Price) Unlisted Shares Details:
Face Value: Rs 10
For buying shares of One97 Communications or any other companies, please call on 8108303330. For buying other unlisted shares, please visit buysellunlistedshares.com Check Paytm share price latest for best deals.
Headquartered in New Delhi, One97 is more than 4,500 people strong with regional offices in Mumbai, Bengaluru, Pune, Chennai and Kolkata with global presence in Africa, Europe, Middle East and Southeast Asia. In addition, it is backed by marquee investors like Alibaba Group, Ant Financial (AliPay), SAIF Partners, Mediatek, Sapphire Venture and Silicon Valley Bank. paytm stock symbol is one97 communications.
Paytm is India’s largest mobile e-commerce website for Online Mobile Recharge, DTH, Data Card & Metro Card Recharge and Mobile Bill Payment for all the circles across India. Paytm also offers booking movie tickets and entertainment, event tickets and travel tickets. Online Tickets like Flight Tickets, Train Tickets, Bus Tickets And Hotels Booking. Online Bill Payment like Postpaid Bills, Quick Utility Bill, Insurance, Loan & Education Fee Payment, Money Bank Transfer and Online Shopping.
One97 also invests in early stage mobile companies through the One97 Mobility Fund (OMF).
One97 Communications provides services through various products. For more details about the company, please visit Paytm.com or check moneycontrol for latest news of nse and bse.
Top-ups – top-ups for Mobile, DTH, Data Card and utilities like landline & electricity. Instant mobile recharges on the go with Paytm Mobile Top-ups in 10 seconds or less. The Paytm community is 110 million strong. 40 Million App downloads and growing even faster. All this in less than a couple of years.
Tickets – Book bus tickets on the web, via mobile internet or smartphone apps. Pick from over 12000 routes. The most extensive network of routes available at fingertips. Track your bus before boarding and save time.
Hotel Booking and Superstar Talk
Deals – Provides best deals in the city. For instance, incredible offers on food, travel, shopping, gifts and more.
Music – Tunes lets your callers listen to your choice of song, or your
name, a prank or even a message. For instance, you can choose from an endless range of Paytm Tunes.
Videos – A great way to discover videos that you love to watch and share. For instance, videos are categorized by popular channels for easy discoverability.
Games – Paytm Games gives you an ads-free, rich gaming experience with
enhanced game graphics and uninterrupted playtime. Similarly, it provides access to endless games in all categories.
Mobile Content – A variety of utility and entertainment content delivered to your mobile.
Payments –Paytm Payments is a trusted, advanced payment platform from Paytm.
Mobile Marketing – ideal mix of mobile technologies to connect with marketing mix. For instance, social media, digital signage, website, ATL, BTL, OOH and on-pack promotions.
Paytm promoter Vijay Shekhar Sharma holds 15.5% stake in One97 Communications. SAIF and SoftBank hold 19.5% and 19% stake, respectively. Alibaba Group, the biggest investor in the company, holds 38% stake. Similarly, Berkshire Hathway, the latest investor in the company holds a 2.9% stake in the company.
Warren Buffett invests in Paytm
A report indicated that One97 Communications’ valuation is likely to be at $16-18 billion, as much as 80% higher than last year’s valuation of $10 billion. After that, Warren Buffett-led Berkshire Hathaway invested $300 million in the company last year.
The massive investment by Warren Buffett’s Berkshire Hathway in Paytm that follows on the heels of Walmart acquiring majority stake in domestic rival Flipkart, brings a fresh wave of confidence in the Indian e-commerce space.
The fast-growing digital payments market in India, which got a boost after demonetisation in late 2016, has helped Paytm scale up rapidly in India. Therefore, One97 Communications stock is in huge demand and its share price is rising regularly due to various positive developments.
Above all, Paytm is looking to go beyond the payments business with a focus on new products such as Paytm Postpaid, its pay-later offering. Similarly, it also floated Paytm Money, a platform for selling mutual funds, along with making a push in the travel and hotel booking space.
The sector is buzzing ever since Walmart entered into a definitive agreement to buy a 77% stake in Flipkart for $16 billion in May 2018, with the deal being closed in August once the Bentonville, Arkansas-headquartered retailer received the necessary regulatory approvals. After that, India’s e-commerce industry is expected to witness a surge to size of $71 billion by 2022. Flipkart is leading the online retail market race and is closely followed by Amazon.
In conclusion, Paytm shares price is likely to make new high and is a must have stock in investors portfolio as the opportunity for the e-commerce sector is huge as the current penetration is very low. The sector is projected to grow at fast pace in the next few years.
Paytm to start planning IPO in next two years: CEO Vijay Shekhar Sharma said in September 2019
Paytm shares valuation rose 25% to $15 billion: August 2019
According to the Paytm founder, Vijay Shekhar Sharma, value of the company has risen to $15 billion, compared to $12 billion last year when Berkshire Hathaway came on board.