Founded in 2010 by Vijay Shekhar Sharma, as ‘One97 Communications’, Paytm’s offers services ranging from online bill payments to buying travel tickets, RBI-approved E-wallet hence making it easier for its customers to make transactions without any hassle.
Paytm Payments Bank – a service permitting users to open Savings accounts with no-minimum balance policy, making it feasible for the under reserved class to enter the economy, thus an increased benefit to purchasing these unlisted shares.
Moreover, it also started Paytm Merchant’s Account, which allows a merchant to make transactions in huge numbers at zero-interest, maintains a passbook, and provides a unique QR Code for each user. Another application that was started in 2016 is Paytm Mall, an online store that offers products from daily essentials to electronics at heavy discounts for its users.
With investments from various businesses along with Alibaba Group and SoftBank having a stake of 42% and 20% respectively, unlisted shares of Paytm are surely investment-worthy. Paytm has grown vastly in the last 10 years to achieve its long-term goal of becoming the first Indian company to cross a $100 billion valuation and to get its unlisted shares in the stock exchange market.
Paytm created a benchmark in 2018 when Warren Buffet’s Berkshire Hathway made its first-ever direct investment in an Indian company, giving away about 3-4 % of its stake and invested $356 million, a huge achievement for a company with unlisted shares.
To create a strong brand image, Paytm strategy to sign Indian Cricket team Captain Virat Kohli, was surely a strong move as it depicts the company’s position amongst its competitors while associating itself to the brand value of a known celebrity.
As of FY2019, the revenue of Paytm stands near $500 million, continuing to grow, and the company is planning to launch its IPO by the year 2022.