As per media reports, Paytm E-commerce has acquired a seller platform on ONDC called Bitsila
Feb 12, 2024 12:39 PM
1 min read
Media reports note that Paytm e-commerce has changed its name to Pai Platforms after receiving approval from the Registrar of Companies. PTI reported that the company had applied for a name change around three months ago and got approval from the Registrar of Companies on February 8.
The report also said that Paytm E-commerce acquired a seller platform on ONDC called Bitsila.
According to a Registrar of Companies notification dated February 8, “The name of the company has been changed from Paytm E-Commerce Private Limited to Pai Platforms Private Limited with effect from the date of this certificate… The company was originally incorporated with the name Paytm E-Commerce Private Limited.”
PTI quoted a source saying, “Pai Platforms is a leading buyer platform on the ONDC network and Bitsila acquisition will further bolster its commerce play,”
The largest shareholder in Paytm E-commerce is Elevation Capital. It is also backed by Paytm Founder and CEO Vijay Shekhar Sharma, Softbank and eBay.
Read more news about Marketing News, Advertising News,
PR and Corporate Communication News, Digital News, People Movement News
For more updates, be socially connected with us on