艾金森
漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
微信暂停漂流瓶功能:对色情内容零容忍
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
特斯拉:北京客户可三年免息融资购车并免费租赁车牌
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?
一张发行8年的微信唱片:只收录了4首歌曲


漂流瓶终于彻底拜拜 微信7.0.4新版体验
微信漂流瓶被玩坏了 聊聊漂流瓶里那些事
微信关闭漂流瓶 它曾经满足了我们对世界的好奇
微信暂停漂流瓶功能:对色情内容零容忍
[视频]惠普Chromebook x360 14 G1评测:搭载Chrome OS的商务变形本
特斯拉:北京客户可三年免息融资购车并免费租赁车牌
借贷宝:停止催收百名裸条女大学生 未满23岁将不得借贷
京东白条多地频现盗刷 消费者遭催收公司“逼债”
借款野蛮催收行为将被规范 真是几家欢喜几家愁
为规范网贷催收 上海互金协会发行业倡议书
腾讯解释为什么微信没有夜间模式 真相你相信吗?
一张发行8年的微信唱片:只收录了4首歌曲


India's financial giant Paytm nabs $60M at $4.83B valuation, raising $240M more
印度金融巨头PayTM获得6000万美元,价值4.83B,筹资2.4亿美元。

当前位置: 艾金森 > 门户 > 新闻

点击量 21
编辑: 1   作者: Techcrunch   时间: 2018/11/13 5:48:03  

On the heels of large investments made in Flipkart and Snapdeal, another e-commerce juggernaut?in India is closing in on?an outsized round of funding to tap into India's fast-growing, smartphone-fuelled economy.

Paytm - a catch-all digital commerce platform that?lets users create online and mobile digital wallets and use its e-commerce platform to pay for?goods, services and bills - has confirmed a?mountain?of funding, $60 million, from Mountain Capital, the investment arm of Taiwan's semiconductor company Mediatek. The strategic funding was made at a $4.83 billion valuation, and Paytm?plans to use to launch one more financial?service, a digital bank for consumers both to save and borrow money.

"We have raised $60 million from Mediatek's Mountain Capital at a valuation of $4.83 billion," Paytm's founder and CEO Vijay Sharma told TechCrunch.

Two separate sources?close to the company further confirm?to?us that the?$60 million is?part of?larger, intended?round that will be around?$300 million and likely to close in the next couple of months, with participation potentially from existing investors Alibaba and Alibaba's payments arm Ant Financial, as well as other Chinese firms:?VC firm SAIF Partners, Foxconn and Fosun.?The $4.8 billion-plus?valuation?is a premium on Paytm's valuation of?$2.8 billion from a?year ago.

The news?today comes on the heels of an unconfirmed?report yesterday?in Bloomberg that alleged Paytm is raising $300 million, and some six months after we reported that?Paytm was looking?to raise around $400 million?to build out and launch its?online bank.

The?company has now raised?$760 million to date, Sharma said. That is?a figure?Paytm?has never explicitly?confirmed?before (previous rounds have never disclosed exact figures).

Economy?of scale?is everything in e-commerce, and that is exactly what One97 Communications, the parent company of the Paytm consumer brand, is playing into with this round of funding.

The company says it has?two aims for the money.

The first is to invest into "expansion and scaling up" of its existing lines of business in payments and commerce. Today, that business includes the ability to book and pay for events, your utility bills, your on-demand ride, your hotels and flights, and a plethora of physical goods in an Amazon-style marketplace. The second aim is to use the investment to?build and launch its newest service: Paytm Payments Bank, a new online bank that the company has quietly?been working on for many months now.

The bank is?a logical progression for the company: if you are already using Paytm as a way of holding and spending your money for specific services and goods, Paytm can expand its one-stop-shop presence by also creating a place to save or borrow money, too.

It will go hand-in-hand with an intended reorganization at the company, where Paytm will split off its payments and financial services business into one entity, and its e-commerce sales platform into another, both to be owned by One 97, and also planned for a couple of months from now.

Paytm has been around since 2010, and it has capitalized on?trends that are unique to developing markets like India: a rapid growth of smartphones, and generally improving economies with more disposable income per capita.

India is?a country of over 1 billion people, but there were only around 21 million payment cards in circulation as of the end of?2015, underscoring the major gap in the market that existed for effective digital wallets that you could access via smartphones.

At the same time, bank accounts are also an opportunity for Paytm?to tap: Sharma says?that there are only around 300 million bank accounts in place today. "Financial services companies have not reached or even tried to reach the majority of the population," he said. "They are too hard and expensive to service."

So far, Paytm's bet that you can use newer technology like smartphones to bridge the gap has paid off.

The company today has 135 million digital wallets in use - again, a small proportion compared to the wider population in India, but also twice as big as its two nearest competitors combined, and accounting for 75% of all the country's current digital wallets. It sees some 3 million transactions per day. This lays down a track record for the company - and its investors - to believe that it can strike it big again in banking and, crucially, loans.

Paytm is not the only one hoping that its existing success tapping into smartphones will extend to new business.?Sharma tells us?that Mediatek's investment is a strategic one both for the chipmaker and for Paytm.

India, with a population of?1.2 billion, is currently the world's second-biggest smartphone market after China, with over 220 million users.

"The majority of smartphones in India today are sold with Mediatek chipsets," Sharma said. "So Mediatek wants to expand into security and services because they believe that from chipsets they can grow into services. We can expand our business by integrating into Mediatek's smartphones, and Mediatek can grow its business by offering security integrations to us and others."