Vijay Shekhar Sharma

Paytm Payments Bank founder Vijay Shekhar Sharma resigns from board

Vijay Shekhar Sharma, founder and majority owner of Paytm Payments Bank, has stepped down from the board of the troubled unit days after the Indian regulator signaled continuity at the financial firm

India’s Paytm is in flux

Shares of Paytm plunged 10% on Monday, the third consecutive session of declines, touching an all-time low of 438.35 Indian rupees (or $5.28) after the RBI’s clampdown last week looks to have ha

Paytm to terminate business with Paytm Payments Bank after central bank’s clampdown

Paytm said Thursday that it will cease work with its associate Paytm Payments Bank and accelerate plans to partner with other banks, after India’s central bank barred Paytm Payments Bank from co

Ant Financial sells Paytm stake worth $628M to Vijay Shekhar Sharma in no-cash deal

Vijay Shekhar Sharma, founder and chief executive of Paytm, has entered into a deal with Ant Financial to acquire a 10.30% stake in the Indian financial services firm in a move that appears to be orch

India’s Paytm to spend up to $103 million to buy back shares

Paytm will spend up to $103 million, or $127 million inclusive of all taxes and other expenses, to repurchase it shares, the company’s board approved on Tuesday, as the Indian financial services

India’s Paytm considers buying back shares following a rough year

Indian financial services firm Paytm said Thursday evening it is considering repurchasing its shares, following a tremulous year that has seen its stock price fall by over 60%. Paytm said it will disc

Paytm falls to all-time low amid competition risk from Reliance

Shares of Paytm ended Tuesday at an all-time low of 477 Indian rupees ($5.8), a week after the lockup period for early backers of the Indian financial services firm ended last week and mounting concer

Paytm says payments bank did not share data with Chinese firms

Paytm says a report claiming its Payments Bank’s data was leaked to Chinese firms is “completely false and sensationalizing,” as the India fintech giant rushed to provide clarificati

Paytm stock drops to record low

Shares of Paytm closed Monday at ₹1,157 ($15.6), the lowest since its market debut in November following the nation’s biggest-ever initial offering, after a key brokerage house further cut its

Paytm falls 27% on first trading day after India’s largest IPO

Indian fintech giant Paytm, backed by SoftBank and Alibaba, lost more than 27% in its first day of trading Thursday. The valuation of the firm, which raised $2.5 billion in India’s largest init

Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the nation’s largest, as the poster child of the Indian

Paytm seeks $20 billion valuation in India’s biggest IPO

Paytm, one of India’s most valuable startups, is seeking to raise as much as $2.4 billion in what is shaping up to be the biggest initial public offering in the country at a valuation of $20 billion

Indian digital payments giant Paytm files for $2.2 billion IPO

Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market

Airbnb nears IPO as Asana and Palantir land their direct listings

World events have so far not stopped the enthusiasm for tech investing, and really, where else are those dollars going to go?

This Week in Apps: Google Play gets new rules, Apple launches app marketing tools, EU looks to rein in tech giants

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, wi

Google pulls India’s Paytm app from Play Store for repeat policy violations

Updated at 13:30 GMT / 07:00 PM IST: The Paytm app is back on the Google Play Store. Our original story follows. Google has pulled the popular Indian financial services app Paytm from the Play Store f

Amazon-backed Indian insurtech startup Acko raises $60 million

A young Indian startup that is taking on the country’s antiquated insurance industry with a digital-first product — and which has already received backing from global giant Amazon — toda

Paytm, Vijay Shekhar Sharma to acquire insurance firm Raheja QBE for $76M

Paytm, India’s most valuable startup, and its co-founder and chief executive, Vijay Shekhar Sharma, announced on Monday they have reached an agreement to acquire insurance firm Raheja QBE for a sum

Google and Walmart establish dominance in India’s mobile payments market as WhatsApp Pay struggles to launch

In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp P

Investors, startup founders in India pool $13M to fund projects that fight coronavirus

More than 150 investors and entrepreneurs in India are funding dozens of projects in a bid to help millions better combat the COVID-19 epidemic and help the nation’s booming startup ecosystem withst
Load More