Home Investment Paytm Money to make investments Rs 250 cr over subsequent two years to release new investment merchandise

Paytm Money to make investments Rs 250 cr over subsequent two years to release new investment merchandise

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Paytm Money to make investments Rs 250 cr over subsequent two years to release new investment merchandise

Paytm Money has over 3 million users on its funding platform
Paytm Money has acquired regulatory approvals for providing stockbroking and NPS services to its customers
Paytm Money goals to turn out to be a complete-stack investment and wealth management platform

New Delhi: Paytm Money, the totally-owned subsidiary of One97 Communications that operates Paytm, on 2 September said it has multiplied Pravin Jadhav as Managing Director and chief govt officer and additionally plans to invest Rs 250 crore over the subsequent two years.

Founder and CEO of Paytm, Vijay Shekhar Sharma stated, in the final twelve months, below Jadhav’s management, the group at Paytm Money has constructed an entire corporation, product, and commercial enterprise grounds up.

“As a true entrepreneur, Pravin has made Paytm Money from a concept to India’s biggest mutual fund funding platform these days. As our commercial enterprise expands in inventory dealer, National Pension Scheme (NPS), and different funding products, I am very proud that Pravin will lead the agency as its Managing Director and CEO,” he delivered.

Jadhav turned into previously serving as the entire-time director. Prior to Paytm Money, he labored with Servify and Rediff.Com and turned into the founder and CEO of Wishberg.

Paytm Money has over three million customers on its investment platform.

“Paytm Money pursuits to invest Rs 250 crore over the following 18-24 months as it is predicted to launch new businesses inclusive of inventory broking, NPS and extra on this monetary year,” the assertion stated.

The agency has obtained regulatory approvals for supplying stockbroker and NPS services to its users and is predicted to launch them quickly.

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