Paytm Mall posts loss of Rs 13 crore in 7 months

Paytm E-commerce that operates Paytm Mall, the latest entrant in online marketplace, has posted a loss of Rs 13.63 crore between August 2016 and March 2017, according to regulatory filings with the corporate affairs ministry.

Paytm Mall, which was spun off as a separate app earlier this year, logged a total income of Rs 7.34 crore during the same period, the documents showed. The company, however, said that it had recently started its operations and it should not be seen as a loss.

“These are the initial years for Paytm Mall and we have a long-term perspective on building a successful tech