Paytm, one of leading marketplace founded by Vijay Shekhar Sharma in which Chinese biggie Alibaba is one of the largest investor. As reported in Econimic Times, Paytm management wants to focus more on e-commerce marketplace business and plans to invest additional Rs.1,000 crore in order cope with the high competition in this segment. Paytm, orginally started as a digital payment solutions, moved to e-commerce marketplace model in 2014.
Paytm last year's GMV stood at $3 billion out of which 60% off the revenue came from the core payment division and also recorded a loss of Rs.372/- crore, a year before they closed at 5 crore profit. The losss mainly due to setting up of the e-comm division.
Paytm also venturing into offline-to-online model, in which Paytm will be selling Cinema tickets, booking hotels and buses etc.