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[Funding alert] Paytm Money picks up Rs 40 Cr from parent One97 Communications

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Paytm Money has raised another Rs 40 crore from parent One97 Communications, according to regulatory documents filed with the MCA. Pravin Jadhav, MD & CEO, Paytm Money, with Vijay Shekhar Sharma, Founder and CEO, Paytm. The funding is a part of a Rs 250 crore commitment that Paytm Money received from One97 Communications six months back. Around that time, Paytm Money had stated that it catered to over three million users on its investment platform. In March last year, Paytm Money raised Rs 28.87 crore from parent One97 Communications Pvt Ltd.

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