Paytm, a valuable startup company in India, is set to issue an IPO. The company plans to issue an IPO worth डलर 2.2 billion, or more than Rs 263.05 billion.
It is said that such preparations have been made with the plan to raise the required amount for the expansion of the company through IPO. Headquartered in Noida, India, Paytm has investments from Alibaba Group, Workshire Hathaway, Softbank and other companies.
The company is competing with PhonePay and Google Pay in India. The company, which is preparing to expand its payment market with a new investment of ७ 577 million, plans to raise funds through an IPO for additional investment.
The company also plans to buy some other companies. It is unknown at this time what he will do after leaving the post.
Founded in 2009, Paytm currently has more than 333 million users. Of that, 114 million are monthly active users.