Paytm to acquire stake in Brazilian startup Seven Tech for $1 million

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Paytm to acquire stake in Brazilian startup Seven Tech for $1 million - Business Standard

Quick Summary:

The company has plans to expand its operations globally with new subsidiaries in the UAE, Saudi Arabia, and Singapore.

The Noida-based company’s revenue declined 35.9 per cent to Rs 1,827.8 crore in the quarter, from Rs 2,850.5 crore in the corresponding quarter last year.

One97 Communications Singapore approved the sale of Stock Acquisition Rights (SARs) held in Japan-based PayPay Corporation last year.