Tuesday, March 21, 2023
Outlook India
Outlook Business


The deal is expected to value Lenskart at $4 billion

Son also attended Oyo Founder Ritesh Agarwal's wedding festivities in the capital

The agreement was signed in the presence of Saurabh Gaur, Secretary, Information Technology, Electronics and Communications, Government of Andhra Pradesh and Vijay Shekhar Sharma, Founder, Managing Director and CEO of Paytm

How Indian start-up founders turned the tables on shrewd Indian venture capitalists

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The transaction includes availing of services of up to Rs 1,550 crore from the Paytm Payments Bank and rendering of services of up to Rs 1,700 crore to the bank

Paytm has also claimed that the latest feature does not include any cap on the refund amount

The Paytm board approved the buyback of shares worth Rs 850 crore on December 13, representing 6.67 per cent of the total paid-up share capital

The platform has won the award in recognition of the superfast and secure transactions powered by Paytm UPI

It owned a total of 6.26 per cent shareholding in the company. In January, the Chinese multinational sold a 3.1 per cent stake