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Tag: SoftBank Group

SoftBank’s Paytm top-up to come with riders, Retail News, ET Retail

MUMBAI: Japan’s SoftBank has laid down new terms and conditions as part of the latest financing round in digital payments player One97 Communications, which runs Paytm, two people familiar with the deal said. SoftBank Vision Fund (SVF), an existing investor in Paytm, is learnt to have stipulated that the company should go public within five …

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E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET Retail

Digbijay Mishra & Madhav Chanchani | TNN Bengaluru/New Delhi: The battle for domination in the digital payments space has caused a collective loss of over Rs 7,283 crore ($1.03 billion) between SoftBank-backed Paytm, Walmart-owned PhonePe and Amazon Pay during the fiscal ending March 2019. This is a collective increase of 167% from Rs 2,729 crore …

E-payments battle leads to $1bn loss for top cos in FY19, Retail News, ET RetailRead More

Flipkart logs loss of Rs 3,837 crore in 2018-19, Retail News, ET Retail

NEW DELHI: Flipkart India, the B2B arm of Walmart-owned Flipkart, has registered a higher loss of Rs 3,836.8 crore during 2018-19 as compared to the previous financial year, according to regulatory documents. The unit had posted a loss of Rs 2,063.8 crore for the financial year ended March 31, 2018, documents filed by Flipkart India …

Flipkart logs loss of Rs 3,837 crore in 2018-19, Retail News, ET RetailRead More

Vijay Shekhar Sharma, Retail News, ET Retail

New Delhi: Paytm founder Vijay Shekhar Sharma on Monday said he expects Paytm Mall – the company’s e-commerce unit – to break even in a year’s time. Sharma maintained that Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash. “Paytm Mall business is close to …

Vijay Shekhar Sharma, Retail News, ET RetailRead More