×
E-PAPER ▾

E-paper

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

K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

Read More

STATE EDITIONS

View All

Cooperation of all necessary to achieve target: Ramsheela Sahu

15 Aug 2018 | Staff Reporter | Raipur

State of Chhattisgarh is moving faster from malnutrition to normal. But on the path, to achieve the target cooperation of all is required, said women and child development minister Ramsheela Sahu...

Read More

Page generated in 0.2036 seconds.