The firm's GMV increased to Rs 4.03 trn as of March 31, 2021, from Rs 2.29 trn as of March 31, 2109
Vijay Shekhar Sharma-founded firm had to shelve Rs 120-cr IPO last minute in December 2010
The company's much-awaited IPO is expected to come by November this year
The loan will be given in two tranches, payable within five years, and will also have the option to be converted into equity shares
Noida has been the headquarters of Paytm for over two decades now and the company is on-track to shift to the new premises by December this year.
SoftBank's SVF Panther (Cayman), among others has also invested in the company
From PV sales declining for the 10th straight month to chances that the govt is unlikely to replace the Income Tax Act with the direct tax code, here are the top business headlines for Tuesday
One97 Communications banks on its services, other businesses to improve
The firm is raising Rs 57.99 crore for a series C funding round, of which Rs 15.99 crore in funds have come from One97
One97 Communications Founder Vijay Shekhar Sharma says Paytm Mall's focus has been to empower shopkeepers compared to other e-commerce players who are proxy retailers themselves
One97 Communications' revenues from operations grew manifold to Rs 29.87 bn in FY18 as against Rs 6.25 bn in FY17