Paytm turned into based absolutely in August 2010 with an initial funding of $2 million by way of manner of its founder Vijay Shekhar Sharma in NOIDA, a vicinity adjacent to India’s capital New Delhi. It commenced off as a pay as you bypass mobile and DTH recharge platform, and later delivered facts card, postpaid mobile and landline invoice bills in 2013.
thru January 2014, the company launched the Paytm pockets, and the Indian Railways and Uber added it as a price possibility. It launched into E-alternate with online offers and bus ticketing. In 2015, it unveiled extra use-times like training fees, metro recharges, power, gasoline, and water bill payments. It furthermore began powering the rate gateway for Indian Railways.
In 2016, Paytm released movies, events and enjoyment parks ticketing in addition to flight rate tag bookings and Paytm QR.] Later that three hundred and sixty 5 days, it launched rail bookings and gift playing playing cards.
Its tour commercial enterprise crossed $500 million in annualised GMV run rate, at the same time as reserving 2 million tickets in keeping with month
It released into gaming and investments, partnering with AGTech to launch a mobile video video video games platform Gamepind, and installing location Paytm coins with an funding of ₹9 Crores to deliver investment and wealth control products for the Indians.