BUSINESS & FINANCE

Deals platforms Nearbuy, Little Internet merge operations

| | New Delhi
Deals platforms Nearbuy, Little Internet merge operations

Deals platforms Nearbuy and Little Internet have merged their operations with Paytm picking up a majority stake in this combined entity, the financial services platform said today.

"Paytm's strategic holding in Nearbuy-Little will provide Paytm's merchant partners an opportunity to offer deals to acquire new customers and grow their business," Paytm said in a statement.

Financial details of the deal were not disclosed. Paytm was an existing investor in Little.

The deal will create India’s largest discovery and deals platform for local merchants, it said.

Existing shareholders of Nearbuy, including Sequoia India, will also become shareholders of the merged entity, it added.

Nearbuy and Little work with over 40,000 merchants across categories like food, beauty and travel.

Paytm will also showcase a large number of deals on its platforms for consumers.

"This combination of Nearbuy and Little marks a great opportunity for us to reinforce our commitment to support small and large retailers in the new age of mobile commerce and Payments," Paytm founder and CEO Vijay Shekhar Sharma said. 

 
 
 
 
 

TOP STORIES

Sunday Edition

View All

Zuma’s downfall gives ANC a final chance

18 Feb 2018 | Gwynne Dyer

Now that Jacob Zuma has finally exited, the African National Congress, which has fallen a long way from its glory days, has one last chance to rebuild its reputation before next year’s election. Whether the ANC is the best bet for South Africans is a different question altogether As a passer-by in the upscale Johannesburg suburb of Saxonwold observed, the South African Police would never have raided the enormous, high-walled compound...

Read More

STATE EDITIONS

View All

Police recover illegal coal, seize five motorbikes

19 Feb 2018 | SURESH NIKHAR | Bokaro

A police team of Bokaro Thermal police station headed by inspector cum officer-in charge Parmeshwar Leyangi on Sunday morning conducted raids at Ganjutola in Armo forest area here and seized approx 2.5 tonnes of illegal coal along with their 4 motorcycles and 5 cycles,said Bokaro SP Kartik S...

Read More

Page generated in 0.242 seconds.