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One97 Communications company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
one97.com

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Founded Year

2000

Stage

Series G - II | Alive

Total Raised

$4.73B

Last Raised

$660M | 2 yrs ago

About One97 Communications

One97 Communications is a mobile internet company. Paytm, One97's flagship brand, is a digital goods and mobile commerce platform. Paytm is also a payment solutions provider to eCommerce merchants using its RBI-approved semi-closed wallet. One97 also invests in early-stage mobile companies through the One97 Mobility Fund (OMF).

One97 Communications Headquarter Location

B 121, Sector 5

Noida, 201 301,

India

+91 120 4770770

Latest One97 Communications News

Paytm employees get time till Sep 22 to convert ESOPs into shares ahead of IPO

Sep 17, 2021

2 min read . Updated: 17 Sep 2021, 07:24 PM IST Prasoon Srivastava, PTI Paytm's parent firm One97 Communications has sent out an email to its staff asking them whether they are interested in converting their ESOPs (Employee Stock Option Plan) into shares, the sources said. Listen to this article Digital payments and financial services firm Paytm has given time till September 22 to its employees to decide on converting their stock options ahead of the company's ₹16,600 crore-IPO planned to be launched in October, according to sources aware of the development. Paytm's parent firm One97 Communications has sent out an email to its staff asking them whether they are interested in converting their ESOPs (Employee Stock Option Plan) into shares, the sources said. As per the email, the last day for employees to exercise their ESOPs is September 22. For 'Designated Persons' to sell or buy shares, the deadline is September 27, while for KMPs (Key Management Personnel) and selling shareholders, the date is September 22. "After the declarations of the same, there will be no further change in holding. Paytm has a total paid-up capital of Rs 60,72,74,082, as of September 2021," the source said. As per Registrar of Companies (ROC) filing, as many as 200 Paytm employees have converted their ESOPs into shares. "Based on the paid-up capital and an expected valuation of around ₹1.47 lakh crore, it will lead to immense wealth creation for its employees," the source said. Paytm has reported the highest gross merchandise value of ₹4.03 lakh crore in the payments industry. Paytm is also facilitating loans of up to ₹100 crore through its lending partners and will also bear the interest of these loans for six months, so that employees are able to handle their finances better and yet become proud shareholders of the company. According to the company's draft papers (DRHP), it has disbursed 14 lakh loans in January-March 2021, almost 53 times higher than the number of loans (26,000) disbursed during the same period of the previous year. The company's wealth offering - digital gold and Paytm Money's mutual funds and stock broking services - has built a strong holding for itself with a combined AUM of ₹5,200 crore, as per the company's DRHP. PTI PRS ANZ RAM MKJ Subscribe to Mint Newsletters

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Research containing One97 Communications

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CB Insights Intelligence Analysts have mentioned One97 Communications in 9 CB Insights research briefs, most recently on Aug 26, 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 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

827 items

F

Fintech 250

248 items

P

Payments

1,486 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

S

SoftBank Investments 2017-2019

146 items

a

ad tech

3,632 items

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