Paytm set to acquire Bengaluru-based ONDC start-up Bitsila


Content Team
Image Credit: twitter

Paytm, which is battling multiple regulatory challenges, is close to acquiring Bengaluru-based e-commerce start-up Bitsila. Bitsila, co-founded by Dasharatham Bitla and Sooryah Pokkali in 2020, ranks third in transactions on the Open Network for Digital Commerce (ONDC) among seller-side platforms. Sources informed CNBC that the acquisition could be finalized within the next week.