Latest news with #PaytmMoney
Time of India
18-07-2025
- Business
- Time of India
Udaan buys ShopKirana; Paytm Money's new CEO
Udaan buys ShopKirana; Paytm Money's new CEO Want this newsletter delivered to your inbox? Also in the letter: Udaan acquires ShopKirana in $88.5 million all-stock deal Deal math: InfoEdge's 26.14% in ShopKirana translates to a 1.48% holding in Udaan, now worth $23.1 million. Founders and early backers will own a combined 5–6% in Udaan. ShopKirana's FY25 revenue dropped 27% year-on-year to Rs 471 crore. The strategy: Udaan wants to scale staples, fast-moving consumer goods (FMCG), and hotel, restaurants, and catering (HoReCa) categories. The ShopKirana deal adds deep kirana ties across tier II/III cities such as Indore, Bhopal, Lucknow, Agra, a growing staples private label (Kisan Kirana), and sourcing muscle. Zoom out: What's next: Exclusive: Paytm Money set to get a new chief executive officer Who is he: The context: By the numbers: FY24 revenue: Rs 195.7 crore Rs 195.7 crore Net profit: Rs 71 crore (second straight year in the black) Rs 71 crore (second straight year in the black) FY25 revenue run rate: Close to Rs 200–300 crore Close to Rs 200–300 crore Active traders (June-end): 7.2 lakh+ Also Read: Why this matters: Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: China's stealth curbs could derail India's $32B smartphone exports What's at stake: FY25 smartphone exports: $24.1 billion $24.1 billion FY26 target: $32 billion $32 billion India now produces nearly 20% of the world's iPhones Also Read: What's changing: Who's affected: Looking ahead: Byju Raveendran pushes back on claims of secret government deals Raveendran's response: Backdrop: What's being contested: Why it matters: Amazon trims AWS staff amid internal AI shake-up Who's impacted: Company line: Big picture: Financial snapshot: Q1 revenue: $29.3 billion (up 17% YoY) $29.3 billion (up 17% YoY) Operating income: $11.5 billion (up 23%) Context: B2B platform Udaan has acquired retail tech startup ShopKirana in the run-up to its listing. This and more in today's ETtech Top 5.■ China rains on India's smartphone parade■ Raveendran en garde■ Layoff wave reaches AmazonVaibhav Gupta, CEO, UdaanB2B ecommerce major Udaan has snapped up ShopKirana in an all-stock deal valuing the Indore-based startup at $88.5 million. The acquisition comes just weeks after Udaan raised $114 million from Lightspeed and M&G Investments. The move will also see Udaan roping in InfoEdge Ventures as a shareholder.B2B consolidation is heating up. Jumbotail recently bought Solv . Udaan, eyeing an IPO, has trimmed fixed costs by 20% and cut Ebitda burn by half this focus now shifts to integrating tech, logistics, and credit infrastructure to widen margins in high-frequency categories and push supply chain control beyond BharadwajSandiip Bharadwaj, former COO at HDFC Securities, is poised to take over as CEO of Paytm Money , replacing Rakesh Singh, who sources told us, will transition into another role within the HDFC Securities, Bharadwaj led the discount broking unit, HDFC Sky. He previously held senior positions at IIFL Securities and Angel in 2017 as a direct mutual fund platform, Paytm Money now offers stock trading, exchange traded funds (ETFs), pension products, and most recently, margin trade funding (MTF).As one of the few profitable units within One97, Paytm Money lags behind much larger peers like IPO-bound Groww , Zerodha, Dhan, and Angel One. This is the second leadership change at the firm in a year, bringing focus on overall Paytm's leadership stability and capital Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policymakers, industry insiders and Reach out to us at spotlightpartner@ to explore sponsorship booming smartphone exports could face turbulence, with the electronics lobby group India Cellular and Electronics Association (ICEA) warning that China's informal restrictions are disrupting the supply of critical components China hasn't issued formal bans, but it's quietly slowing down shipments of capital equipment, limiting access to rare minerals, and pulling out trained Chinese workers from Indian counts Apple, Foxconn, Tata Electronics, Lava, and Dixon among its members. Many are now struggling to import tools, secure skilled labour, or source materials vital for aims to hit $145–155 billion in electronics sub-assembly output by 2030. To stay on course, the government may need to fast-track a resilient local supply chain and reduce dependence on its biggest eponymous founder, Byju Raveendran, has hit back at allegations that he's quietly negotiating payments to Indian officials to settle foreign exchange management law (Fema) claim, made in a Delaware court by US lender representative Glas Trust, suggests that behind-the-scenes deals are dismissed the charge on X, calling it 'pure fiction.' He added that the case involves Think & Learn Pvt Ltd, now under Glas's control, and that he has no incentive to get comes as Raveendran faces civil contempt charges for defying court orders in a loan default case. Glas alleges $533 million was siphoned off from a US-based financing founders insist no funds are missing and have sought stays in Indian courts against the Committee of Creditors' actions and the Glas-appointed resolution are rising, with the founders now threatening a $2.5 billion defamation lawsuit against Glas and its lenders over the reputational has cut several hundred roles across AWS, its most profitable unit, in a fresh wave of AI-driven those affected were teams in the 'specialists' division, which worked closely with clients to build custom solutions. Staff were informed over email, and system access was revoked soon after.'These decisions are necessary as we continue to invest, hire, and optimise resources,' an Amazon spokesperson Andy Jassy has warned that AI will increasingly automate corporate workflows , reducing the need for middle managers and some customer-facing continues to deliver strong numbers:This follows recent cuts across Amazon's books, devices, Wondery, and retail units. The focus has now shifted to tightening operations even in high-margin businesses.
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Business Standard
16-05-2025
- Business
- Business Standard
Benefits of investing in Daily SIPs: You can start with as little as Rs 100
Daily SIP in mutual funds: The effects of domestic and global sentiments are visible in the stock market every day. Despite this, investors continue to trust mutual funds. Particularly in equity schemes, investors are consistently investing. April marked the 50th consecutive month of inflow into equity funds. Through Systematic Investment Plans (SIPs), a record ₹26,632 crore was invested. The mutual fund industry is introducing new products and facilities to attract more retail investors. One such option is Daily SIP. Experts suggest that if you want to start investing but are wary of large amounts or complex strategies, Daily SIP could be a better option. It is simple, flexible, and affordable, allowing you to gradually build wealth. What is Daily SIP and how does it work? Market expert Ajit Goswami says Daily SIP allows you to invest a fixed and small amount in mutual funds every trading day. This method averages out the purchase price and minimizes the impact of market volatility. Over time, these small investments can grow into a significant corpus. The biggest advantage of Daily SIP is its low cost. Platforms like Paytm Money allow you to start a Daily SIP with as little as ₹21 per day. However, most mutual fund houses and platforms set a minimum daily investment limit of ₹100. How to start a Daily SIP? According to market experts, many platforms like Paytm Money, Groww, and HDFC Securities offer the facility to start Daily SIPs through their apps or websites. Before investing, assess your risk tolerance and financial goals to select a suitable scheme. Decide your daily investment amount based on the platform's minimum limit. You can ensure automatic deduction for your Daily SIP by setting up a bank or UPI mandate. Why choose Daily SIP? Ajit Goswami highlights several benefits of Daily SIPs: 1. Accessibility: Start investing with a very small amount, making it affordable for everyone. 2. Financial Discipline: Promotes regular savings and financial discipline. 3. Rupee Cost Averaging: Daily investments reduce the impact of market volatility. 4. Compounding Benefits: Enjoy the power of compounding, leading to significant wealth growth over time. To encourage financial innovation, SEBI (the market regulator) has introduced the concept of 'sachet-sized investments,' allowing SIPs to start with as little as ₹250 per month. This initiative aims to encourage investments from people in smaller towns and cities. Record SIP inflows in April According to the latest data from the Association of Mutual Funds in India (AMFI), April 2025 saw a record SIP inflow of ₹26,632 crore. Despite the closure or maturity of 1.36 crore SIP accounts due to a massive clean-up of inactive accounts, the number of contributing accounts increased from 8.11 crore in March to 8.38 crore in April. This reflects investors' sustained interest in long-term wealth creation. Motilal Oswal AMC's Executive Director and Chief Business Officer, Akhil Chaturvedi, notes that net sales remained stable at ₹24,000 crore. This reflects increased volatility due to tariff-related concerns, which kept investors cautious. Stability is a positive sign, and the absence of a significant drop in SIP accounts is encouraging. In April 2025, equity mutual fund investments decreased by 3.24% to ₹24,269 crore, marking the fourth consecutive month of declining equity fund investments. However, this was the 50th consecutive month of equity fund inflows. Conversely, debt funds witnessed a remarkable surge, with ₹2.19 lakh crore invested in April compared to a withdrawal of ₹2.02 lakh crore in March. Mutual fund industry overview In April, mutual fund industry investments totaled ₹2.77 lakh crore, compared to a withdrawal of ₹1.64 lakh crore in March. This surge in investments boosted the industry's assets under management (AUM) to a record ₹70 lakh crore, up from ₹65.74 lakh crore. SIP inflows over last 6 months
India Gazette
14-05-2025
- Business
- India Gazette
Paytm Money posts 4% growth in April, outpaces Dhan in active clients
New Delhi [India], May 14 (ANI): Paytm Money has emerged as the fastest-growing broker among India's top 25 in April 2025, registering a 4% increase in active clients -- the highest among all major players. According to NSE's latest Report 1C, the platform added 25,308 active clients in April, taking its total to 6.89 lakh, up from 6.64 lakh in March. In contrast, most large brokers including Zerodha, Groww, Upstox, and Angel One saw a decline in their active user base during the same period. Even Dhan, often cited as Paytm Money's direct challenger in the tech-forward broking space, grew by just 1 per cent -- making Paytm Money the clear outperformer for the month in both percentage and absolute terms. Over the last year, Dhan had garnered attention for its rapid growth, clean UI, and product-led marketing. But April's data suggests a reversal in that trend, with Paytm Money now pulling decisively ahead. The platform's growth is being driven by consistent product upgrades and sharper investor targeting. Recent launches like 'Trader Mode' and 'Options Scalper' have appealed to more active users, while a streamlined onboarding experience and reduced Pay Later (MTF) rates have made the platform friendlier for new investors. Its registration as a SEBI Research Analyst has further added to its credibility and service capability. Even as new demat account creation in India slowed -- April saw the lowest monthly additions in FY26 -- Paytm Money's active client base surged, suggesting stronger engagement and user retention. With 6.89 lakh active clients now on the platform, it is firmly reclaiming ground and building momentum in a competitive to the information provides on the website of Paytm Money, the platform has over 21 million users for their investment related needs. The platform adds that it is a leader and pioneer in low-cost and commission-free investing. It provides access to investing for Indians and help them achieve their financial goals.(ANI)
Time of India
14-05-2025
- Business
- Time of India
Paytm Money posts 4% growth in April, outpaces Dhan in active clients
Paytm Money has emerged as the fastest-growing broker among India's top 25 in April 2025, registering a 4% increase in active clients -- the highest among all major players. According to NSE's latest Report 1C, the platform added 25,308 active clients in April, taking its total to 6.89 lakh, up from 6.64 lakh in March. In contrast, most large brokers including Zerodha, Groww, Upstox, and Angel One saw a decline in their active user base during the same period. Even Dhan, often cited as Paytm Money's direct challenger in the tech-forward broking space, grew by just 1 per cent -- making Paytm Money the clear outperformer for the month in both percentage and absolute terms. Over the last year, Dhan had garnered attention for its rapid growth, clean UI, and product-led marketing. But April's data suggests a reversal in that trend, with Paytm Money now pulling decisively ahead. The platform's growth is being driven by consistent product upgrades and sharper investor targeting. Live Events Recent launches like 'Trader Mode' and 'Options Scalper' have appealed to more active users, while a streamlined onboarding experience and reduced Pay Later (MTF) rates have made the platform friendlier for new investors. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Its registration as a SEBI Research Analyst has further added to its credibility and service capability. Even as new demat account creation in India slowed -- April saw the lowest monthly additions in FY26 -- Paytm Money's active client base surged, suggesting stronger engagement and user retention. With 6.89 lakh active clients now on the platform, it is firmly reclaiming ground and building momentum in a competitive market. According to the information provides on the website of Paytm Money, the platform has over 21 million users for their investment related needs. The platform adds that it is a leader and pioneer in low-cost and commission-free investing. It provides access to investing for Indians and help them achieve their financial goals.
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Business Standard
22-04-2025
- Business
- Business Standard
Here is why Paytm shares were buzzing in trade on Tuesday, April 22
Paytm share price today: Shares of One97 Communications, the parent company of Paytm, advanced 2.77 per cent to hit their intraday high of ₹902.45 per share on the BSE on Monday, April 21, 2025. The northward movement in the Paytm share price came following the news that Paytm Money, a wholly-owned subsidiary of One97 Communications, has introduced reduced interest rates and revised brokerage for Pay Later to drive affordability and accessibility for investors. Paytm Money introduces reduced interest rates and revised brokerage Paytm Money has said that the newly introduced slab-based interest rates, starting at 9.75 per cent per annum (p.a.), down from the current flat 14.99 per cent p.a., are based on funding book size. The platform has also introduced a revised brokerage of 0.1 per cent per trade that balances affordability and platform sustainability. "Retail investors can now access Pay Later (MTF) at an industry-leading rate of 9.75 per cent p.a., making it easier to start trading affordably," the company said in a release. "Additionally, high-value traders with a funding book size above ₹25 lakh will also benefit from the same 9.75 per cent p.a. interest rate. Investors with a book size between ₹1 lakh and ₹25 lakh, it said, will have a 14.99 per cent p.a. interest rate." The revised interest rates will be applicable starting April 18, 2025, while the updated brokerage of 0.1 per cent per trade will be applicable from May 18, 2025. About One97 Communications (Paytm) One97 Communications is an Indian financial technology company and the parent company of the digital payment services provider platform, Paytm. The company offers a digital payments platform for use cases such as money transfers, online and in-store merchant payments, and bill payments. The fintech company's services also include commerce and cloud services, such as ticketing and advertising, and technology-led financial services, including loans, insurance, and wealth management offered through financial partners. One97 Communications boasts a market capitalisation of ₹56,876.68 crore on the BSE, as of April 21, 2025. The fintech giant is a constituent of the BSE 500 index. Paytm share price history Historically, Paytm shares have yielded decent returns for its investors. The company's share price has gained nearly 30 per cent in the last six months and a whopping 130 per cent in the last one year. The fintech giant's shares, however, have dropped nearly 10 per cent year-to-date. In contrast, the benchmark Nifty50 has advanced nearly 2 per cent this year. Paytm shares reached their 52-week high of ₹1,063 per share on the BSE on December 17, 2024, and fell to their 52-week low of ₹310 apiece on May 9, 2024. Paytm shares continue to trend higher on the bourses on Monday. At around 10:20 AM, Paytm shares were quoted at ₹891.00 apiece, up 1.47 per cent from their previous close of ₹878.05 on the BSE. A combined total of nearly 2 million equity shares of the fintech company, estimated to be valued at around ₹173 crore, have exchanged hands on the NSE and BSE. Sensex, Nifty today The benchmark domestic indices too were trading in the positive territory on Tuesday. At the time of writing the news, the 30-share Sensex was trading higher by 274 points or 0.35 per cent at 79,682, and the Nifty50 was at 24,196 levels, up 70 points, or 0.29 per cent.
