2/29/2024 0 Comments Paytm 200m 98m yoy![]() Weekend read: Fintech Lending Trends in India - "In FY 2022-23, Fintech Industry disbursed 71mm loans worth ~$11Bn a YoY growth of 49% in volume and 21% in value. With over 200 million wallet users in 2020, which is expected to grow to over 434 million by 2025, mobile payments have taken hold. Notably, as of March 2023, Paytm has scaled its user base to 34mm merchants with 6.8mm payment devices deployed at point of sale and $950mm in annual revenue. ![]() Paytm's CEO in its annual letter to shareholders outlined the company's plans to build an AI software stack for its merchants and disrupt 'small mobile credit' and collections via the mobile app. Zaggle, last year, earned $45mm in annual revenue across 2000 enterprise customers with 2mm+ end consumers. It is planning to raise $40mm via the IPO. Average ticket size is Rs165,000 (approx). Reportedly, Zepto processes over 300,000 orders per day and makes $700mm in annualized revenue.ī2B expense and rewards management firm Zaggle, raised $12mm as a part of its pre-IPO round. Paytm Q2 Updates: The number of Personal Loans distributed grew 27 YoY, while the value of Personal Loans grew 91 YoY to 3,927 crore. For the uninitiated, Paytm had made a damp debut at the stock market last week. As per the market share data provided by NPCI for September 2022, PhonePe has a market share of 46.7, Google Pay has a share of 33.3, Paytm has a market share of 15.1, Amazon Pay has a share of 0.8 and the rest 4.1 includes other smaller. The total number of devices deployed across Paytm's merchant base has increased from 0.9 million as on June 30, 2021, to approximately 1.3 million as on September 30, 2021, to 'approximately 1.4 million as on October 31, 2021', the company further noted. Indian e-biz leader FlipKart gets a 200m infusion Indian engineers of. NPCI is said to be in consultation with the various government departments and the RBI regarding this. It’s Raining Loans: Paytm disbursed 1.04 Cr loans in Q3 FY23, up 137 YoY. Quick commerce company Zepto raised $200m at a $1.4Bn valuation led by StepStone Group. IPO prospectus reveals, Paytm is largest Indian payments platform India unit. The number of Paytm payments devices deployed across the country hovered around the 58 Lakh mark. ![]() Read more about the role Indian Space Tech companies played in this historic moment. Ray Dalio marked this occasion via his tweet highlighting the ascendance of India and his prediction of its 7% growth rate over the next 10 years. In a proud moment for India this week, it became only the fourth country in the world to successfully land a spacecraft on the Moon and the first country ever to land on its south pole.
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