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India's largest payments firm Paytm to invest Rs 250 crore in its travel business

R Sinduja

News Editor
Image Credit: shortpedia

India's largest payment firm Paytm announced to make an investment of Rs 250 crore in its travel business over the next 6 months. This investment will be used to scale up the product and technology team, to set up new business verticals and grow market share in existing travel verticals. The company sells more than 6 million travel tickets every month and targets to grow by 100% in the current financial year.