BENGALURU :
Paytm’s gross merchandise worth (GMV) greater than doubled within the first two months of this quarter to just about ₹1.67 trillion ($22.4 billion), from ₹72,800 crore a yr earlier, the digital funds startup stated in a regulatory submitting on Monday.
Paytm, run by One97 Communications Ltd, had clocked a complete GMV of ₹1.95 trillion within the September quarter.
The corporate facilitated 2.7 million loans on its platform value about $178 million throughout October and November, it stated within the submitting.
“Development momentum in GMV continues within the first two months of the quarter, as a result of robust efficiency in the course of the festive season, which continues submit festive season. GMV processed by our platform for the primary two months of the quarter aggregated to roughly ₹1,666 billion, development of 129% y-o-y over the ₹728 billion GMV within the first two months of Q3 FY 2021,” the corporate stated.
By way of month-to-month transacting customers (MTUs), the platform clocked 46.6 million common MTUs throughout October and November. MTUs in the course of the September quarter totalled 57 million.
“Gadgets deployed reached 1.6 million in November, a rise of 0.3 million units within the first two months of the quarter. We continued to witness acceleration of deployments in our units enterprise,” the corporate added.
Supply: Live Mint