It changed into based in 2010 via way of means of Vijay Shekhar Sharma below One97 Communications. The organization gives cell price offerings to purchasers and allows traders to acquire bills via its QR code, factor of sale and on line price gateway offerings.[5] In partnership with economic institutions, Paytm gives economic offerings which includes microloans and purchase now, pay later to its purchasers and traders.[6] Apart from invoice bills and cash transfer, the organization additionally affords ticketing offerings, retail brokerage merchandise and on line games.Paytm turned into based on August 2010 with an preliminary funding of US$2 million via way of means of founder Vijay Shekhar Sharma in Noida, India. It began out off as a pay as you go cell and DTH recharge platform, and has elevated to a main virtual bills and economic offerings employer , with a numerous variety of services spanning from partner-primarily based totally lending to offline devices.[16] 
 
In 2014, the employer had released the Paytm Wallet that stirred the virtual bills revolution withinside the country. Paytm released BHIM UPI and additionally have become India`s first fee app to go over 10 crore app downloads in 2017. In 2018, the employer released the `Paytm for Business` app for merchants, permitting them to receive cash via Paytm Wallet, UPI and card bills without delay into their financial institution money owed at 0% charge.[17][18][19][20] 
 
Paytm began out dispensing lending merchandise on its platform in partnership with marquee creditors in 2018, starting up with Paytm Postpaid (Buy now pay later) and later increasing to immediately private loans and merchant/commercial enterprise loans . In March 2019, the company released a subscription primarily based totally loyalty software known as Paytm First , and later that year, it partnered with Citibank to release Paytm First credit score card [21][22][23][24][25][26] 
 
In July 2021, Paytm`s discern employer One97 Communications filed a draft purple herring prospectus with the Securities and Exchange Board of India to release its preliminary public offering (IPO). It released its IPO in November 2021, raising ₹18,three hundred crore (US$2.five billion) at a valuation of near US$19 billion. At that time, it turned into the biggest ever IPO in India.In 2013, Paytm received Plustxt for under $2 million. Plustxt turned into commenced via way of means of IT graduates Pratyush Prasanna, Parag Arora, Lokesh Chauhan and Lohit V that allowed rapid textual content messaging in any Indian language.[60] 
 
Paytm invested $five million in auto-rickshaw aggregator and hyperlocal transport company Jugnoo in 2015.[61] It additionally received Delhi-primarily based totally client behaviour prediction platform Shifu[62] and nearby offerings startup Near.in.[63] In 2016, it invested in logistics startups LogiNext and XpressBees.