Paytm cuts losses by 40%, Revenue increases to INR 3.6K Cr
Shortpedia
Content Team
Image Credit: shortpedia
Homegrown financial services platform Paytm, on Friday (September 4), announced that it has managed to increase its revenues to INR 3,629 Cr with 40% reduction in losses in the financial year 2020, ending March. In the financial year 2019, the company had recorded a loss of INR 4,217.20 Cr on a consolidated basis and INR 3,232.01 Cr in revenue. It had also bared expenses worth INR 7,730 Cr in FY19 versus INR 4,864 Cr in FY18.
