One97 Communications
Founded Year
2000Stage
IPO | IPOTotal Raised
$4.73BDate of IPO
11/18/2021About One97 Communications
One97 Communications is a leading mobile-internet company, operating in the digital goods and services sector. The company primarily offers digital goods and services to mobile consumers, including mobile advertising, marketing, and payment solutions for merchants. It primarily serves the ecommerce industry. It was founded in 2000 and is based in Noida, India.
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Research containing One97 Communications
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned One97 Communications in 2 CB Insights research briefs, most recently on Apr 20, 2021.
Expert Collections containing One97 Communications
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
One97 Communications is included in 4 Expert Collections, including Fintech 100.
Fintech 100
498 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Payments
2,780 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Ad Tech
3,753 items
Companies offering tech-enabled marketing and advertising services.
Fintech
12,502 items
Excludes US-based companies
Latest One97 Communications News
Dec 8, 2023
(Source: NDTV Profit) Shares of Paytm parent One97 Communications Ltd. recovered on Friday after it tumbled to hit the 20% lower circuit, the worst fall since listing.The stock had hit the lower circuit after analysts downgraded it as the company decided to bring down the level of unsecured loans under Rs 50,000 in a calibrated manner.Paytm’s move comes after the Reserve Bank of India tightened norms for unsecured retail loans in November. The central ban... Shares of Paytm parent One97 Communications Ltd. recovered on Friday after it tumbled to hit the 20% lower circuit, the worst fall since listing. The stock had hit the lower circuit after analysts downgraded it as the company decided to bring down the level of unsecured loans under Rs 50,000 in a calibrated manner. Paytm’s move comes after the Reserve Bank of India tightened norms for unsecured retail loans in November. The central bank made consumer lending costlier for banks and non-bank lenders, and also asked them to limit exposure to such loans, amid growing risk concerns. Paytm's stock rose as much as 2.80% during the day at Rs 679.85 apiece on the NSE. It was trading 1.50% higher at Rs 671.30 apiece compared to a 0.38% advance in the benchmark Nifty 50 as of 10.53 a.m. It has risen 26.72% year-to-date. The total traded volume so far in the day stood at 2.7 times its 30-day average. The relative strength index was at 20, indicating the stock may be oversold. Ten out of the 15 analysts tracking Paytm have a 'buy' rating on the stock, while five recommend 'hold', according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 49.7%.
One97 Communications Frequently Asked Questions (FAQ)
When was One97 Communications founded?
One97 Communications was founded in 2000.
Where is One97 Communications's headquarters?
One97 Communications's headquarters is located at B 121, Sector 5, Noida.
What is One97 Communications's latest funding round?
One97 Communications's latest funding round is IPO.
How much did One97 Communications raise?
One97 Communications raised a total of $4.73B.
Who are the investors of One97 Communications?
Investors of One97 Communications include Ant Group, SoftBank, T. Rowe Price, Discovery Capital, Berkshire Hathaway and 11 more.
Who are One97 Communications's competitors?
Competitors of One97 Communications include Circle, BitGo, Flipkart, Ledger, Ripple and 7 more.
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Compare One97 Communications to Competitors
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Lianlian Pay, operated by Lianlian Group, is a mobile and micropayment service provider. The company operates a network of agents in China where consumers can convert cash into mobile-phone minutes. It allows customers to purchase airline tickets, video gaming credits, and utility bills with its network. It was founded in 2003 and is based in Hangzhou, China.
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ZEPZ focuses on providing digital payment solutions. The company offers services enabling users to send money securely with options for bank deposit, cash collection, mobile airtime top-up, and mobile money. ZEPZ primarily serves the global payments industry. Zepz was formerly known as WorldRemit. It was founded in 2010 and is based in London, United Kingdom.
Circle provides a financial technology solution allowing users to send and receive funds globally. It offers crypto treasury management solutions for businesses to manage digital assets. It serves asset managers, financial technology companies, and financial institutions. The company was founded in 2013 and is based in Boston, Massachusetts.
Xapo Bank operates as a digital private banking platform. It provides banking services such as savings, wealth management, bitcoin payments, and many more. It was founded in 2014 and is based in Gibraltar, United Kingdom.
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