Other Deals - Listed Firms
Paytm raises $18.7 M for UAE unit; sets up new overseas subsidiaries
Abbar Global Opportunities Holdings, an investment vehicle associated with UAE billionaire Mohamed Alabbar has acquired a 49% stake in UAE-based Paytm Arab Payments. This transaction involves issuing 76,862 new shares at AED 100 per share, totalling approximately AED 7.69 million (INR 18.7 crore). Paytm Cloud Technologies Ltd (PCTL), Paytm’s cloud arm, has also approved the establishment of two new wholly owned subsidiaries in Indonesia and Luxembourg, with plans to invest INR 25 crore in each entity.Founded in 2010 by Vijay Shekhar Sharma, Paytm is a listed fintech firm. PCTL will use these new units to expand Paytm’s payments and financial services technology to international markets.Domestically, Paytm transferred its offline merchant payments business to its payments subsidiary, Paytm Payments Services Ltd (PPSL), in November, valued at INR 960 crore for FY25.
Between Apr 2007 and Nov 2019, Paytm had attracted about USD 4,106 M from Elevation Capital, Saama Capital, Intel Capital, Reliance Venture, Sapphire Ventures, Alibaba, Ratan Tata, MediaTek, SoftBank Corp, Discovery Capital Management, Berkshire Hathaway and others.For FY25, Paytm had reported about INR 6,900 Cr in Operating Income and about INR 663 Cr in Net Loss.
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