FinTech Magazine January 2020 | Page 72

[ HQ NOIDA , INDIA ]
TOP 10

02

MARKET VALUATION

US $ 10bn

One97 Communications

[ HQ NOIDA , INDIA ]

72
India ’ s largest marketplace clocks in at a valuation of US $ 10bn . With its slogan “ Mobile First . Mobile Always ”, mobile access has always been at the core of the company ’ s business since its founding in 2000 by Vijay Shekhar Sharma , when it started out as a prepaid mobile and DTH recharge platform . Today , One97 Communications is best known for its flagship brand , Paytm , which services over 350 million users across a platform that is available in 11 Indian Languages . Contained to a QR code , a massive range of products can be paid for through the platform from over seven million merchants , from bills to shopping , through to parking , pharmacies and educational institutions . JANUARY 2020