🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Paytm-parent's shares rise 68% in 2023, add $2.7 billion to mcap
Inshorts
·
2y ago
Medial
The shares of One97 Communications, the parent company of Paytm, have surged by 68% in 2023, leading to a market capitalization increase of $2.7 billion. On Tuesday, One97 shares closed almost 3% higher at ₹895 per share. Similarly, Zomato and Policybazaar, consumer-centric technology startups, have experienced significant growth in their shares, with Zomato rising by 26% and Policybazaar by 45% in 2023, contributing over $1 billion each to their market capitalizations.
View Source
Related News
Local MFs hold stocks worth over $8 billion in new-age companies
Economic Times
·
9m ago
Medial
Domestic mutual funds in India have increased their investments in new-age companies, such as Zomato, Paytm, Nykaa, and Delhivery, with the total value of stocks now reaching over $8 billion. This is a significant rise from $2.7 billion a year ago. The increase in exposure is due to the rising valuations of these companies, several of which have recently gone public. Mutual funds are becoming an important investor class during pre-IPO rounds and are expected to further increase their holdings as venture capital investors sell their stakes.
View Source
Paytm records 20% rise in monthly users in July-August, GMV up 43%
Livemint
·
1y ago
Medial
In August 2023, Paytm disclosed that it disbursed loans amounting to ₹5,517 crore ($667 million) through its lending platform. The company also reported a 43% year-on-year increase in its merchant payment volumes (GMV) to ₹3 trillion ($36.3 billion) in July-August 2023, up from ₹2.1 trillion during the same period in 2022. Additionally, Paytm experienced a significant rise in GMV for non-UPI instruments like EMI and cards. The company's loan distribution business, in partnership with lending partners, grew by 137% year-on-year, with disbursements totaling ₹10,710 crore ($1.3 billion) in July-August 2023. The number of loans increased by 47% year-on-year, reaching 8.8 million during the same period. Paytm deployed 8.7 million devices as of August 2023, a year-on-year increase of 4.2 million devices. The company attributed its strong performance to its subscription-as-a-service model, which boosted subscription revenues, payment volumes, and merchant loan distribution. Paytm also emphasized its commitment to improving the credit quality of loans and highlighted reduced expected credit loss (ECL) figures for Paytm Postpaid. Despite potential subdued growth in the lending industry, Paytm remains focused on portfolio performance and plans to onboard three to four new lending partners in FY24.
View Source
Samsung Electronics to cancel $2.11 billion worth of own shares
Economic Times
·
5m ago
Medial
Samsung Electronics plans to cancel 3.05 trillion won ($2.11 billion) of its own shares, initially acquired to boost shareholder value. Additionally, the company intends to buy back 2.7 trillion won worth of common shares and 304 billion won of other shares from February to May to elevate shareholder value and support employees. This decision follows their announcement to repurchase 10 trillion won in shares over a year, after underperforming against competitors like SK Hynix.
View Source
SoftBank Again Offloads Stake In Paytm, Sells 1.37 Cr Shares
Inc42
·
1y ago
Medial
Japanese tech conglomerate SoftBank has sold over 2% stake in fintech giant Paytm through open market transactions. Between January 23 and February 26, SoftBank sold 1.37 crore shares, reducing its stake in Paytm from 5.01% to 2.83%. This is the second stake reduction by SoftBank in Paytm this year, following a 2% stake sale in January. SoftBank has been steadily reducing its stake in Paytm as well as other listed companies in its portfolio. The fair value of SoftBank's India investment portfolio stood at nearly $14 billion as of December 2023.
View Source
Paytm Gains Over 6% After Partnership With Samsung
Inc42
·
1y ago
Medial
Paytm's shares on the BSE are trading at INR 428.20, a 6.3% increase from the previous close of INR 402.6. Paytm has partnered with Samsung to integrate its services into the Samsung Wallet, allowing Galaxy smartphone users to access features like flight, bus, movie, and event bookings. Users can conveniently add their tickets to Samsung Wallet using the 'Add to Samsung Wallet' option.
View Source
Paytm looking to migrate UPI payments to four banks, eyes TPAP status before March 15
Economic Times
·
1y ago
Medial
Paytm is working to migrate its banking services from Paytm Payments Bank to other lenders, with four banks - Yes Bank, Axis Bank, HDFC Bank, and State Bank of India - set to support Paytm's consumer-facing UPI payments. The company is seeking certification from the National Payments Corporation of India to become a third-party payment app. Following this migration, Paytm's UPI handle provided by the payment bank may change. Paytm's stock has seen a significant decline since the regulator's action on Paytm Payments Bank, with the current market capitalization standing at approximately $2.7 billion.
View Source
Block Deal: Nykaa slumps over 2% after 2.7 Cr shares change hands; Lexdale likely seller
Inc42
·
1y ago
Medial
Shares of FSN E-commerce, the parent company of beauty ecommerce platform Nykaa, experienced a 2.5% decline as 2.7 crore shares were traded in a block deal. The deal, valued at INR 516 crore, represented a 0.9% stake in the company. The details of the buyers and sellers involved in the deal have not been disclosed. Earlier, Lexdale International had expressed its intent to sell 2.62 crore shares of Nykaa through open market transactions. Despite challenges faced in 2023, Nykaa's shares have seen a surge of over 24% in the past year.
View Source
RIL becomes first Indian company to cross Rs 21 lakh crore mcap
Money Control
·
1y ago
Medial
Reliance Industries Ltd, led by chairman Mukesh Ambani, has become the first Indian company to reach a market value of over Rs 21 lakh crore ($282 billion) following a 20% surge in its stock price this year. The stock rise came after subsidiary Reliance Jio announced new unlimited plans, which boosted investor confidence. Brokerages such as Jefferies and Morgan Stanley have also raised their price targets for Reliance, citing strong growth expectations for its telecom business. As of now, 28 out of 35 analysts covering Reliance recommend a "Buy" rating for the stock.
View Source
ValueQuest-backed Waaree Energies to raise $361 mn in IPO
VCCircle
·
1y ago
Medial
Indian solar panel manufacturer, Waaree Energies, has filed for an IPO to raise INR 30 billion ($361 million). The company plans to issue 3.2 million fresh shares and its largest shareholder, Waaree Sustainable Finance, will sell up to 2.7 million shares. The funds raised will be used for capital expenditure, including the establishment of a 6 GW manufacturing facility in the state of Odisha, India. Waaree Energies also recently announced plans to invest up to $1 billion in a factory in Texas to meet the growing demand for clean energy in the US.
View Source
SMFG said to eye $1.1 billion additional deal for Yes Bank
Livemint
·
10d ago
Medial
Sumitomo Mitsui Financial Group (SMFG) is reportedly planning to make an additional $1.1 billion investment in Yes Bank, following a prior investment two months ago. This would bring SMFG's total investment to $2.7 billion, granting them a 25% stake in the Indian bank. The Japanese bank aims to acquire around 5% of Yes Bank shares from Carlyle Group and other minority shareholders, as well as $680 million in convertible bonds, supporting Yes Bank’s growth.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in