Paytm parent’s loss doubles to ₹3,960 crore in fiscal 20192 min read 29 Nov 2019, 10:49 PM IST
Payments firm was able to increase its revenue by a marginal 2% to ₹3,050 cr in FY19
Mounting losses for Paytm come at a time of intense competition in the digital payments sector
One97 Communications India Ltd, the parent company of digital payments startup Paytm, on Friday reported more than a twofold rise in loss for the financial year ended March 2019 on account of higher expenses and lower revenue growth, according to documents sourced from business information platform Paper.vc.
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