Paytm made loss of Rs. 761/- Crore I
Paytm posted a net loss of Rs. 761.4 / – crore. In the same quarter last year, the amount was Rs. 441.8 / – crore. Operating revenue increased by 88.99% to Rs. 1540.9 / – crore. In the same quarter last year, the amount was Rs. 815.3 / – crore. The company said that the increase in revenue was due to increase in loan disbursement and merchant payment process through partners. The loan book grew by 374% to 6.5 million subscribers.
