Paytm Money raises INR 40 Cr from parent One97 communications
Bengaluru-based wealth management company Paytm Money has received INR 40 Cr infusion from Paytm parent company One97 Communications. The infusion came after INR 40 Cr each in February 2020 and September 2019. Paytm Money was launched in September 2018 as a mutual funds platform. Paytm Money sells mutual funds directly to consumers via a low-cost regular plan that eliminates the expense of distributor commissions.