Bipin Preet Singh

Reliance capital makes 275 crores profit from Just 10 crore

Anil Ambani led Reliance Capital makes a whooping 275 crores profit from just 10 crore investment in a span of 4 years. Reliance capital sold its 1% equity in paytm to Alibaba group for 275 crore. 

Alibaba is prime investor and majority shareholder in PayTM and planning to increase its investment in the company and create a competing landscape in eCommerce space. The newly launched PayTm mall recently raised capital from Alibaba to expand in to retail space. There we are rumors that Snapdeal is trying to sell entire equity to PayTM which was not denied by either of the companies.

Also Read Paytm Raise $200 M from Alibaba; Competes with Amazon

Vijay shekar sharma CEO and founder of PayTM is on could nine after his wallet company PayTM’s massive growth after demonetization. Currently PayTM is considered as default wallet currency in India for peer to peer and peer to merchant transactions.

Fintech is bringing lot of changes to Indian economy, Banks and traditional financial institutions are trying to embrace to change with protectionist view.  Mutual funds is the other segment where revolution is happening with eKYC companies like ETmoney,Fisdom,Goalwise are making wealth management quite easy. 

Reliance capital makes 275 crores profit from Just 10 crore
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INDIAN CEO provides latest business news about Indian CEOs, startups, business, funding, founders, new ideas, technology, apps, gadgets

Stay tuned to get latest updates on startup business in India and listen right from heart of Indian CEOs.



AWS Activate Partner

Subscribe for Insider Updates

Get Stories delivered to your Inbox

Copyright © 2015 INDIAN CEO. Indian business news magazine

To Top