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A cybercriminal group with the alias ‘John Wick on Thursday said in a tweet that it did not hack <keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword>, even as the group claimed responsibility for briefly hacking the Twitter account linked to Prime Minister Narendra Modi's personal website. <div type="Article" hostid="261" msid="77902203" title="Twitter account of PM Modi's personal website hacked — asks followers for Bitcoin and Ethereum donations" mstype="2" mssubtype="0"></div> "This account is hacked by John Wick (hckindia@tutanota.com), We have not hacked Paytm Mall," John Wick posted after taking over the Twitter account. The authenticity of the claims could not be immediately verified. The development comes after cyber-risk intelligence firm Cyble on August 30 wrote in a blog post that "John Wick" was able to upload a backdoor/Adminer on Paytm Mall application/website. The group gained unrestricted access to the entire databases of Paytm Mall, Cyble said in the blog post. "According to the messages forwarded to us by the source, the perpetrator claimed the hack happened due to an insider at Paytm Mall. The claims, however, are unverified, but possible," Cyble said. Paytm Mall said that the claims are "absolutely false". "We would like to assure that all users, as well as company data, is completely safe and secure. We invest heavily in our data security, as you would expect," a Paytm Mall spokesperson said in a statement. "We have been investigating the claims of a possible hack and data breach, and haven't found any security lapses yet. "We also have a Bug Bounty programme, under which we reward responsible disclosure of any security risks. We extensively work with the security research community and safely resolve security anomalies," the spokesperson said. SEE ALSO: <a href="https://www.businessinsider.in/india/news/pm-modi-twitter-account-hacked-heres-what-the-hacker-had-tweeted/articleshow/77902203.cms">Twitter account of PM Modi's personal website hacked — asks followers for Bitcoin and Ethereum donations</a> <a href="https://www.businessinsider.in/tech/enterprise/news/rise-in-work-from-anywhere-will-lead-to-more-outsourcing-thats-an-opportunity-for-tcs-infosys-and-hcl-tech/articleshow/77864248.cms">TCS, Infosys and HCL Tech have the most to gain from post COVID wave of outsourcing</a> <a href="https://www.businessinsider.in/tech/apps/news/india-bans-pubg-wechat-and-118-other-mobile-applications/articleshow/77890776.cms">India bans PUBG, Ludo World, and 116 other Chinese mobile applications</a>

'John Wick' hacked PM Modi's Twitter handle to say they didn't hack Paytm Mall

E-commerce firm <keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword> has recorded a surge in demand for non-essential items like mobile phones and laptops that are required to support work from home, and academic material during the ongoing lockdown, the company said on Wednesday. The platform has recorded over 3.5 lakh requests for non-essential products with demand for mobile phones rising 200 per cent. <keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> Mall senior vice-president Srinivas Mothey in a statement said that items like laptops, mobile phones computer accessories that facilitate work from home should be included in the list of essential items. "... we believe that the ambit of essential goods should be increased. India is mostly working from home at the moment but many are finding it difficult as they are running low on certain items necessary to effectively operate under lockdown. "Laptops, mobile phones, and accessories, computer hardware, webcams, all these things should be allowed to be part of essential goods," Mothey said. The company said that lakhs of customers over the last five weeks have earmarked their 'wishlist' on Paytm Mall, in hopes of buying them immediately after the end of lockdown. "Mobile phones which are important parts of life are seeing upwards of 75,000 requests, while 50,000 of Paytm Mall users are waiting for the lockdown to end to buy laptops. Demand for laptop charging cords, phone chargers, headphones, desktop computers, and study tables are also on an all-time high," the statement said. The company said that it has received over two lakh e-mails and 3.5 lakh requests in the comments section for delivering laptops, mobile phones, headphones, trimmers, chargers, academic books and other study materials, consumer electronics as well as white goods since the lockdown was imposed to contain coronavirus infection. According to the data published by the Telecom Regulatory Authority of India, around 97 per cent of broadband connections in the country are accessed through mobile devices. The government has allowed telecom services to support work from home during the lockdown but people are unable to buy mobile devices and related accessories due to restrictions during the lockdown. "If the lockdown continues, lack of proper technical support would hinder the efficiency of employees which in turn would affect a company's operations," Mothey said. Mobile phones industry body ICEA and traders body CAIT have jointly approached Home Minister Amit Shah for allowing sales of handsets as they are pivotal for communications during the lockdown. PRS MRMR

Paytm Mall gets over 3.5 lakh requests for electronic products during lockdown

<ul><li><keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword> has reportedly unearthed a fraud of ₹5 to ₹10 crore, after the probe by auditing giant EY. </li><li>Few of <keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> Mall employees worked with third party vendors to avail cashback offers, say reports.</li><li>The company had earlier said that it has partnered with E&amp;Y to build a technology driven fraud prevention system.</li></ul>In what could possibly be one of the biggest blows for every Indian startup’s favourite cashback scheme, Paytm Mall has reportedly unearthed a fraud of ₹10 crore. According to reports, few of Paytm Mall employees worked with third party vendors to avail cashback offers. "After Diwali, what my team saw was that there were some small sellers who were getting a large percentage of the cashbacks and we as a team asked our auditors to do a deeper audit," Paytm founder <keyword id="198636" type="PERSON" weightage="20" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword> told <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/paytm-probe-reveals-at-least-rs-10-cr-fraud-vijay-shekhar-sharma/articleshow/69327442.cms">reporters</a> at a press conference in Mumbai. The event was held to launch Paytm’s cashback card driven by Citibank. Paytm Mall has fired about 10 employees and delisted over 100 vendors from its platform, according to one <a href="https://timesofindia.indiatimes.com/business/india-business/paytm-probe-reveals-at-least-rs-10-cr-fraud-vijay-shekhar-sharma/articleshow/69327250.cms">report.</a> Paytm Mall, however, clarified later that fraud was in the range of ₹5-10 crores. The company had earlier said that it has partnered with E&amp;Y to build a technology-driven fraud prevention system. The company had released an official statement regarding its partnership with E&amp;Y, which will help build Paytm Mall a secure network for its users. In the Indian e-commerce industry, while cashback has been a boon to bring on board a huge number of users, it has also proved to be a bane for companies that are struggling with losses due to these offers. In the same breath, Sharma insisted that the cashback model remains sustainable. Paytm Mall had aggressively grown to bring on board many vendors in its fight against the likes of Flipkart and Amazon. However, it had run into trouble with huge losses and there were reports about Paytm Mall shutting down. In an<a href="https://www.businessinsider.in/facing-jio-paytm-founder-vijay-shekhar-sharma-plans-a-ticket-to-us/articleshow/69053166.cms"> earlier interview with Business Insider</a>, Sharma had said that the vertical was back on track and having switched to the Online to Offline (O2O) model, they had offloaded multiple vendors from the Paytm Mall platform. See Also: <a href="https://www.businessinsider.in/paytm-partners-with-ey-to-probe-frauds/articleshow/69305406.cms">Paytm Mall ropes in auditing giant EY to crack down on frauds</a> <a href="https://www.businessinsider.in/facing-jio-paytm-founder-vijay-shekhar-sharma-plans-a-ticket-to-us/articleshow/69053166.cms">‘I want it all and I want it now’, says Paytm founder Vijay Shekhar Sharma as he plans a ticket to the US</a>

Paytm Mall fires 10 employees and 100 vendors after a million-dollar cashback fraud

<ul><li><keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword>, the e-commerce subsidiary of One97 communications which owns <keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword>, inked a partnership with Apple. </li><li>All <keyword id="115736" type="PERSON" weightage="20" keywordseo="Apple-products">Apple products</keyword> listed on the e-commerce website will have an authorized tag. </li><li>This will offer consumers a fair and better price, believes Paytm Mall.</li></ul>Paytm Mall inked a partnership with Apple to sell its latest products in India. With this partnership, all Apple products listed on the e-commerce website will have an authorized tag, and is a mark of genuine product. Meanwhile, Apple will list Paytm Mall as an authorized reseller for its products in India. So, an independent seller too will have to get authorization from Apple, before listing itself on Paytm Mall. “Paytm Mall is one of India’s leading seller of premium mobile phones, and adding Apple’s range will further strengthen our list of offering to our customers. Our customers will also be eligible to avail offers such as additional discounts on select credit cards and cashbacks. All the latest Apple products will be available on our platform and will come with a valid standard Apple warranty,” said Srinivas Mothey, Sr. Vice President at Paytm Mall. Paytm Mall has been upping its ante in the heavily competitive e-commerce ecosystem of the country. Given the craze for Apple products in India, this partnership could work in its favour. Paytm Mall is the e-commerce subsidiary of One97 communications which owns Paytm. It is aiming to turn profitable in the next two years. The company said that it reduced its monthly spends by ₹400 million, is targeting an EBITDA breakeven by 2021-22. EBIDTA is earnings before interest, depreciation, tax and amortization. The company ended the last financial year with a Gross Merchandising Value (GMV) of ₹130 billion and is now aiming for ₹170 billion GMV by 2022.

Paytm Mall partners with Apple to be an authorized seller for iPhone, iPads and more

<ul><li><keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword> has partnered with EY to probe a <keyword id="7625462" type="UNKNOWN" weightage="20" keywordseo="cashback-fraud">cashback fraud</keyword>, according to reports. </li><li>However, the company has said that it has partnered with <keyword id="123893" type="COMPANY" weightage="20" keywordseo="EY">E&amp;Y</keyword> to build a technology driven fraud prevention system.</li></ul><keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> is back in the news again for trouble brewing in its quarters. The company has brought in consulting and auditing giant EY to probe into a possible cashback fraud involving a Paytm employee, according to a report by <a href="https://timesofindia.indiatimes.com/companies/ey-probes-cashback-fraud-at-paytm-mall/articleshow/69299398.cms?">TOI.</a> No further details are known yet and when reached out, Paytm spokesperson was unavailable for comment. If true, this will be the second time Paytm will face a setback from one of its own employees. Earlier in October 2018, Paytm was caught in a <a href="https://www.businesstoday.in/current/corporate/paytm-extortion-i-am-stunned-but-still-believe-sonia-vijay-shekhar-sharma/story/286422.html">scandal</a> involving its Chief Communications Officer Sonia Dhawan in an extortion case. Dhawan was accused of allegedly blackmailing the Paytm founder <keyword id="198636" type="PERSON" weightage="20" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword>, to extort ₹20 crore from Sharma. However, Paytm Mall has said that it has partnered with E&amp;Y to build a technology driven fraud prevention system. The company has released an official statement regarding its partnership with E&amp;Y, which will help build Paytm Mall a secure network for its users. “Our partnership with E&amp;Y will help benchmark with global best practices as we build a Technology Driven Fraud Prevention System to scale our operations. Our teams continue to work closely with E&amp;Y to share our learnings and insights. We are committed to build a trusted commerce platform and will take strict action against wherever needed,” said Srinivas Mothey, Sr. Vice President – Paytm Mall. While Paytm has seen a fairly smooth and fast growing journey of success, its subsidiary Paytm Mall has run into multiple problems since its launch in 2016. There were even reports that Paytm Mall might not see the light of the day, however things seem to be turning around for the company. According to the company’s statement, Paytm Mall has seen a 200% growth in the past six months. Over the months, it also went on a hiring spree to bring on board 200 people who will help map its growth. “Paytm Mall is a business that has learnt that Online to Offline (O2O) is the best business model. Our attention on partners keeping items in warehouses has now significantly reduced and we have offloaded many partners," Paytm founder Vijay Shekhar Sharma had said in an earlier interview with Business Insider. "Our focus now is on shops – from where the shipments will happen. This model has worked out incredibly well for us. Year on year, we are up and have already cut one third of the costs." See Also: <a href="https://www.businessinsider.in/facing-jio-paytm-founder-vijay-shekhar-sharma-plans-a-ticket-to-us/articleshow/69053166.cms">‘I want it all and I want it now’, says Paytm founder Vijay Shekhar Sharma as he plans a ticket to the US</a> <a href="https://www.businessinsider.in/paytm-takes-on-airbnb-makemytrip-oyorooms-and-trivago-with-its-latest-offer-hotel-bookings/articleshow/67755276.cms">Paytm is competing with almost everyone in Indian e-commerce </a>

Paytm Mall ropes in auditing giant EY to crack down on frauds

<ul><li>In an interview with Business Insider, <keyword id="323682" type="PERSON" weightage="20" keywordseo="Rudra-Dalmia">Rudra Dalmia</keyword>, Executive Director, <keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword> shares the aggressive growth plans <keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> Mall has. </li><li>In July, American e-commerce giant eBay had bought a 5.5% stake in Paytm Mall. </li><li>The company is already contribution margin positive and is aiming for net profitability. </li></ul>Paytm Mall is headed to new shores – Middle East, thanks to its latest investor – e-commerce giant eBay. American e-commerce giant eBay had bought a 5.5% stake in Paytm Mall, <keyword id="198636" type="PERSON" weightage="20" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword>’s new e-commerce vertical in July. “We are going to build a very large Gulf business and export is going to be a big thing for us. Currently, we are testing the partnership with Ebay, who will expose our Indian catalogue there,” said Rudra Dalmia, Executive Director, Paytm Mall in an interview with Business Insider. Through eBay’s investment, Paytm Mall will also make eBay’s entire catalogue available to Indian users. The company ended the last financial year with a Gross Merchandising Value (GMV) of ₹130 billion and is now aiming for ₹170 billion GMV by 2022. It also cut it costs by 85-90% every month. “We are already make a margin positive contribution. Now we don’t sell anything, where we lose money. The aim is to now achieve net profit which will take a few years,” said Dalmia. Hard decisions It was a cold December morning, when the newly joined Dalmia had a meeting with Vijay Shekhar Sharma, who said “this is not working”. That’s when Paytm Mall changed the way it worked to become an O2O model led business. With this, Paytm Mall now drives its online traffic to offline stores through gift vouchers, offers and uses offline strength to push online traffic through digital payments only. “We took some hard decisions and decided to focus on the bottom line. We cut all unnecessary costs with an aim to be contribution/revenue positive. So, we turned the focus on paytm’s strengths – merchants and huge user base,” said Dalmia. It plans to piggyback on the success of Paytm, whose monthly transactions are as much as 400 million transactions, to drive demand. Better business, not a bigger business Today, Paytm Mall is a ‘for, by and of the merchants’ platform. While e-commerce still has a 40% role, O2O now takes up the 60% chunk of its business. “We want to be a better business, not a bigger business. Paytm already has over 13 million merchants onboarded. And there’s a lot of trust. One of the biggest achievements of Vijay has been to convince people that Paytm money is real money,” said Dalmia. This is good news for the company, as its prospects did not look very good a while back and reports said that it might close down. Yet its fortunes changed by May 2019 as the company said that it grew by 200% in six months, and hired 200 people. And they are still hiring aggressively across roles, informs Dalmia. “In hyper growth companies, you grow, you consolidate and then you turn profitable. We are currently consolidating and we will show how it is done,” said Dalmia.

‘We will show how it’s done’ – Paytm Mall heads to the Middle East, with a push from eBay

New Delhi, Feb 18 () Paytm Mall on Tuesday said its subsidiary Paytm Wholesale Commerce (PWC) has partnered with a number of entities to take Indian products to markets like Southeast Asia, the Middle East, Africa and the US.PWC - a subsidiary of Paytm Mall (Paytm Ecommerce Pvt Ltd) - is a trading house and has tied up with few companies on supply as well as buyer side, a Paytm Mall spoksperson said."We are scouting for buyers through intermediaries, and trade shows. Once a query comes in, we go back to our suppliers or commodity market for sourcing as per buyer specifications. We build our costs and quote to buyer to meet his target prices, if any. On quotation acceptance, we go ahead with processing the order," the spokesperson added.The entity is taking Indian products like rice, spices, tea, dried fruits, millets, essential oils, quinoa, moringa, organic food, frozen food, fresh fruits and vegetables, pulps and pastes, to international markets."We have entered into the exports with an objective to offer a range of Indian products across the global markets with super efficiency. Our efforts are to become the single largest gateway for global consumers to buy Made in India products. We have a well-established network of suppliers and are deploying our team across the geography," Paytm Mall Senior Vice President Sanjeev Misra said.The company said it has been engaging with multiple partners like Mawarid Distribution, Mayar Foods, Vedica Organics, Ceegee Impex and Five River Foodstuff."With the target of Rs 500 crore gross merchandise value (GMV) in the first two years of operations, Paytm Mall has been setting up the team in these centres to leverage more opportunities and to carry out the trade across geography in a more efficient manner," the spokesperson said. SR SR ANUANU

Paytm Wholesale Commerce aims to take Indian products to intl mkts

<ul><li><keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword> has released its monthly spends by ₹400 million and aims to turn profitable in two years. </li><li>The company aims to rake in a ₹170 billion GMV by 2022.</li><li><keyword id="6357120" type="DEFINITION" weightage="20" keywordseo="paytm">Paytm</keyword> Mall has had multiple problems since its inception, where there were also rumours that the company might not see the light of the day.</li></ul>Paytm Mall, the e-commerce subsidiary of One97 communications which owns Paytm, is aiming to turn profitable in the next two years. The company said that it reduced its monthly spends by ₹400 million, is targeting an EBITDA breakeven by 2021-22. EBIDTA is earnings before interest, depreciation, tax and amortization. The company ended the last financial year with a Gross Merchandising Value (GMV) of ₹130 billion and is now aiming for ₹170 billion GMV by 2022. “We do not lose money on any order we ship. More than GMV, we are focused on increasing revenue and factors contributing towards it. We expect 70-80% of the orders being shipped from the same city. We would be happy to be a cost attention company rather than no attention at all,” said Srinivas Mothey, Sr. Vice President – Paytm Mall. This is good news for the company, as its prospects did not look very good a while back and reports said that it might close down. Online to Offline Yet its fortunes changed by May 2019 as the company said that it grew by 200% in six months, and hired 200 people. In an earlier interview with Business Insider, Paytm founder <keyword id="198636" type="PERSON" weightage="20" keywordseo="Vijay-Shekhar-Sharma">Vijay Shekhar Sharma</keyword> shared what worked for them. “Paytm Mall is a business that has learnt that Online to Offline (O2O) is the best business model. Our attention on partners keeping items in warehouses has now significantly reduced, and we have offloaded many partners," he had said. Today, the platform has 100,000 sellers and is planning to scale up by three times. It also plans to piggyback on the success of Paytm, whose monthly transactions are as much as 400 million transactions per month, to drive demand.

Paytm Mall hopes to turn profitable in 2 years

<ul><li>American online retail firm <keyword id="6357395" type="UNKNOWN" weightage="20" keywordseo="eBay">eBay</keyword> has bought a 5.5% stake in <keyword id="4225623" type="PERSON" weightage="20" keywordseo="Paytm-Mall">Paytm Mall</keyword>. </li><li>Vijay Shekhar Sharma owned Paytm Mall hopes to turn profitable in the next two years. </li><li>However, this isn’t eBay first bet on Indian e-commerce, its previous two – <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> and <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> – failed to work out for the company.</li></ul>American e-commerce giant eBay has <a href="https://www.livemint.com/companies/news/ebay-logs-into-paytm-mall-with-5-5-stake-eyes-pie-of-online-retail-1563420493902.html">bought</a> a 5.5% stake in Paytm Mall, Vijay Shekhar Sharma’s new e-commerce vertical. While the details of the transaction remain undisclosed, <a href="https://yourstory.com/2019/07/paytm-mall-funding-ebay-ecommerce-india-vijay-shekhar-sharma">reports</a> say that the American firm is pumping in about $170 million into Paytm Mall at a valuation of $3 billion. Paytm Mall, the e-commerce subsidiary of One97 communications which owns Paytm, aims to turn profitable in the next two years. The company said that it reduced its monthly spends by ₹400 million, is targeting an EBITDA breakeven by 2021-22. EBIDTA is earnings before interest, depreciation, tax and amortization. The company ended the last financial year with a Gross Merchandising Value (GMV) of ₹130 billion and is now aiming for ₹170 billion GMV by 2022. However, what’s interesting is eBay’s India growth trajectory. It had entered the Indian market in 2004, much before e-commerce really took off in the country. However, it has struggled to gain ground. eBay’s first invested in Indian e-commerce was in <a href="https://www.thenewsminute.com/article/ebay-takes-61-million-hit-snapdeal-writes-investment-76169">Snapdeal</a> which resulted in a $61 million loss. After the disappointment, eBay moved to the Indian e-commerce success story Flipkart, where eBay sold its India operations to Flipkart in 2017. However, within a year, Flipkart shut down the operations of eBay. When the Indian retail unicorn was acquired by global giant Walmart, eBay sold its stake in Flipkart for $1.1 billion.

eBay is trying to get third-time lucky with Paytm Mall after burning hands with Flipkart and Snapdeal

<ul><li>Paytm now offers hotel booking with its acquisition of NightStay. </li><li>Earlier in January, Paytm had announced its entry into food delivery. </li><li>It already operates in the ticketing business with Paytm Movies, e-commerce sector with Paytm Mall.</li></ul>Paytm is one of the frontrunners of Indian startups and a leader in the digital payments in India. But it’s also competing head-on with almost every other business in the e-commerce space. In the last one month, the company has entered two new major segments – hotel booking and food delivery. On January 30, Paytm announced the acquisition of <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/paytm-enters-hotel-booking-business-buys-nightstay/articleshow/67748857.cms">NightStay</a>, a four-year platform which helps users book hotel rooms and offers last minute deals. While MakeMyTrip and Oyo Rooms have been dominating the <keyword id="864750" type="PERSON" weightage="20" keywordseo="Hotel-bookings">hotel bookings</keyword> space, the recent acquisition of NightStay will help Paytm become a one-stop shop for its over 230 million users and the potential ones. Paytm already competes with MakeMyTrip in offering flight and train tickets. Vijay Shekhar Sharma took on BookMyShow when Paytm started selling movie tickets in 2016. <a href="https://techcircle.vccircle.com/2018/10/30/kept-on-its-toes-by-paytm-bookmyshow-slips-deeper-into-the-red-in-fy18">BookMyShow</a> revenue growth dropped to 27% in 2016-17 from 85% a year earlier. Earlier in January, Paytm had also announced its<a href="https://www.businesstoday.in/technology/news/paytm-joins-hands-with-zomato-to-offer-in-app-food-delivery-service/story/310921.html"> partnership</a> with foodtech unicorn Zomato to enter the food delivery segment and take on rival Swiggy. With the Paytm Mall, the company has a foot in online retail- from apparels and accessories to electronics, footwear, and fitness equipments to name a few. However, its success has been limited. Even with massive cashbacks and discounts, Paytm Mall had not been able to make an impact yet with reports reflecting that the company’s losses went up by <a href="https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/paytms-parent-company-one97-communications-widens-net-loss-to-rs-1490-4-cr/articleshow/66402994.cms">270%</a> last year mainly because of its e-retail arm. The <keyword id="1705292" type="PERSON" weightage="20" keywordseo="Indian-e-commerce">Indian e-commerce</keyword> segment is already crowded with Amazon and Walmart fighting it out, and now, Reliance Industries also planning to enter the market. While there were rumours of the company planning to scale down its e-commerce operations, founder Vijay Shekhar Sharma had told <a href="https://economictimes.indiatimes.com/industry/services/retail/paytm-has-no-plans-to-leave-mall-business-vijay-shekhar-sharma/articleshow/67681312.cms">ET</a> that “it has no plans to leave the mall business”. See Also: <a href="https://www.businessinsider.in/amazon-walmart-owned-flipkart-set-back-by-new-e-commerce-rules-that-help-mukesh-ambanis-reliance-retail/articleshow/67751026.cms">Mukesh Ambani may be the surprising winner from India's new rules hurting Amazon and Walmart</a> <a href="https://www.businessinsider.in/indias-new-e-commerce-policy-has-rivals-flipkart-and-amazon-teaming-up-to-counter-the-new-directive-and-the-republic-day-sale-will-probably-be-their-last/articleshow/67366996.cms">India’s new e-commerce policy has rivals Flipkart and Amazon teaming up to counter the new directive — and the ‘Republic Day’ sale will probably be their last</a> <a href="https://www.businessinsider.in/in-india-amazons-fight-is-not-just-with-flipkart-but-with-paytm-google-pay-and-truecaller/articleshow/67456165.cms">In India, Amazon's fight is not just with Flipkart, but with PayTM, Google Pay and Truecaller</a>

Paytm is competing with almost everyone in Indian e-commerce

New Delhi, Apr 27 () E-commerce firm Paytm Mall will partner around 10,000 grocery and small shops in over 100 cities over the next few weeks to increase local deliveries, the company said on Monday. The e-commerce firm claims to have over 1 lakh merchants already on board. Paytm Mall said, "It will partner with over 10,000 kirana stores, small shops, and businesses for hyperlocal deliveries. The company has been investing in scaling up its hyperlocal operations over the past few weeks and is now offering delivery of grocery essentials in more than 100 cities across the country and plans to scale it to more cities within the next few weeks." E-commerce firms have been flooded with orders during the lockdown leading to delay in deliveries of product. Most of the e-commerce firms are operating in limited cities. According to Paytm Mall, there has been a massive uptick in the sales of grocery essentials from tier-II and tier-III towns. Cities including Indore, Ahmedabad, NCR, Bengaluru, Lucknow, Pune, Chennai, Ludhiana, and Bathinda have all seen a rise in orders. "Our objective is to connect neighbourhood offline stores to interested customers far and wide through our e-commerce platform. During this time of crisis, we want to ensure that our merchant partners do not lose out on business. Our tie-ups with small businesses would ensure that service our customers faster and hyper-locally," Srinivas Mothey, senior vice-president, Paytm Mall, said. The company said leading logistics players, including GATI, Ecom Express, Delhivery, Bluedart and FedEx, are working with Paytm Mall. The company said that as more fulfilment and delivery executives of logistics partners join back to work, more orders would be eligible for same-day delivery. PRS HRS

You Searched For "john wick hack paytm mall" and got 11 results

'John Wick' hacked PM Modi's Twitter handle to say they didn't hack Paytm Mall

IANS

Paytm Mall gets over 3.5 lakh requests for electronic products during lockdown

PTI

Paytm Mall fires 10 employees and 100 vendors after a million-dollar cashback fraud

Sanchita Dash

Paytm Mall partners with Apple to be an authorized seller for iPhone, iPads and more

Sanchita Dash

Paytm Mall ropes in auditing giant EY to crack down on frauds

Sanchita Dash

‘We will show how it’s done’ – Paytm Mall heads to the Middle East, with a push from eBay

Sanchita Dash

Paytm Wholesale Commerce aims to take Indian products to intl mkts

PTI

Paytm Mall hopes to turn profitable in 2 years

Sanchita Dash

eBay is trying to get third-time lucky with Paytm Mall after burning hands with Flipkart and Snapdeal

Sanchita Dash

Paytm is competing with almost everyone in Indian e-commerce

Sanchita Dash

Paytm Mall to partner 10,000 more shops for hyperlocal deliveries

PTI

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