2/14/2024 0 Comments Paytm 200m 98m yoyMilestone Alert!Livemint tops charts as the fastest growing news website in the world □ Click here to know more. As mentioned before, we have been focused on high quality users, and increasing engagement. The Alibaba-backed company focuses on building revenue focused business models and this has resulted in a spike in its merchant base despite the covid-19 pandemic, from 16.3 million in FY20 to 21.1 million in FY21, as it offers a full suite of payment services, and technology solutions to grow their businesses and share of their payments. 2024 grew by 19 YoY to 9.5 Cr as adoption of mobile payments for consumers in India continues. GMV per MTU (Monthly Transacting User) exceeded pre-covid levels of ₹9719 in June 2021 quarter compared to ₹5949 crore in the same quarter last year. Paytm’s 32 YoY revenue growth in Q2 FY24 is at the higher end of its India internet coverage, while profitability continues to expand. In the fourth quarter, we received UPI incentive for the full year at 182 crore (up 102. We have further expanded our EBITDA before ESOP costs to 234 crore. Our revenue from operations jumped 61 YoY to 7,990 Cr in FY23. Alibaba Group is looking to invest outside China as growth slows at home. We have announced our Q4FY23 and FY23 results. Even during the first quarter of FY22, which was impacted by the second wave of covid-19, saw continued growth in GMV," the company said in its DRHP.Īs per the DRHP, company’s focuses on consumer to merchant transactions for growth. SAIF Partners 23 million investment will give it a 4.66 percent stake in Paytm E-Commerce, the filing showed. Continued expansion of consumer base with average monthly transacting users (MTU) at 9.2 Cr for the quarter (average for three months ended June 2023), up 23 YoY. As lockdown eased in the second quarter of FY21, GMV increased consistently for the rest of FY21 primarily due to an increase in the transactions of online and in-store merchants. Paytm June’23 Operating Metrics: Merchant payments volume surges 37 YoY to 4.05 Lakh Cr, deploys 79 Lakh devices in Q1FY24. “After a dip in GMV last year due to the onset of the covid-19 pandemic, it recovered and began to perform better, beating its own record from the previous years.
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