Paytm merges start-ups Nearbuy, Little Internet

Paytm over a year has made investments for further expansion of its various services

Orchestrating a minor consolidation, fintech giant Paytm has managed to merge deals discovery platforms Nearbuy.com and Little Internet and become the majority shareholder of the merged entity.

The existing shareholders of Nearbuy, including Sequoia India, will also become shareholders of the merged entity. This partnership will further strengthen Paytm’s offerings for offline merchants for acquiring new customers through deals. 

Paytm did not disclose the deal value of the stake buy. The name of the new entity has not been decided yet.

Nearbuy and Little work with over 40,000 small and large merchants across food, beauty, travel and other categories. The combined entity will