2018
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
10
|
|
|
9
|
|
|
8
|
|
|
18
|
Detailed explanation-1: -Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets.
Detailed explanation-2: -The biggest shareholders in One97 Communications Ltd., Paytm’s parent company, are Alibaba Group Holding Ltd. and its fintech affiliate Ant Group Co., as well as Japan’s SoftBank Group Corp.
Detailed explanation-3: -Paytm’s pre-IPO investors like Warren Buffet, SoftBank, Elevation Capital, Alibaba are long-term investors.
Detailed explanation-4: -Paytm was founded on August 2010 with an initial investment of US$2 million by founder Vijay Shekhar Sharma in Noida, India.
Detailed explanation-5: -In the year 2017, the company became the country’s first-ever payments app to surpass the threshold of 100 million downloads. Today Paytm boasts of 1.2 billion monthly transactions (as of March 1, 2021) with over 80 million monthly active users (as of September 2022).