Saturday 30 January 2016

PAYTM

Paytm is counted among famous ecommercecompanies of India that was started in 2010 . Company is owned and managed by One97 Communications that was initially a Mobile and DTH Recharging. Company has corporate office in Noida.In 2014 company entered in India's e-commerce market and started selling online products like other website Flipkart and Snapdeal.

In 2014, company launched Paytm Wallet, online wallet from where users can pay online to all the transactions. Presently it is the largest wallet of India and has over 40 million customers. This payment option is becoming popular in India and the entire online website like UberBookMyShow, and MakeMyTrip  allowing transactions using this wallet,

To run the business in ecommerce environment its important to have funding. In March 2015 Ratan Tata the managing director of TATA group has invested in PAY TM and in the same month company has received funding of $575 million from Alibaba. Company has invested huge money in promotions on television, Google and mailers. Overall for working PAYTM is one of the best company and has been a good place to work where employees gets lots of exposure and learning.

The products offered - All the fresh products that the mind can think of are offered by the firm. It includes the Grocery, the staples, packaged food, Confectionary and biscuits, Dairy and Breakfast.  The freshness of all these products are vouched and maintained. The customer can have a look at the entire catalogue and order according to the need.  The interested buyers can have a look at the new products and the product details as well.

About the funding - Techno Group, a company having expertise in the sectors of real estate and hospitality have provided funds of 1.5 million dollars to Greencart.  The future really looks bright with many other corporate looking to invest.

The team - Greencart was the brainchild of Mr Rajiv Tevtiya, an alumnus of JBIMS. The technology part of the organization is looked after by Mr Kiran Tevtiya. The other member who is responsible for this start up to blossom is Mr Devidas Mule. The team spirit is one of the key factors towards the success of this firm.


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