About One97 Communications
One97 Communications is a company based in Noida (India) founded in 2000 by Vijay Shekhar Sharma.. The company has 35,087 employees as of April 06, 2024. One97 Communications has completed 2 acquisitions, including Mobivite and Plustxt. One97 Communications operates in a competitive market with competitors including PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others.
- Headquarter Noida, India
- Employees 35087 as on 06 Apr, 2024
- Founders Vijay Shekhar Sharma
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name One 97 Communications Ltd.
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Annual Revenue
$786.21 M (USD)-31.77as on Mar 31, 2024
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Net Profit
$-76.99 M (USD)53.51as on Mar 31, 2024
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EBITDA
$-193.69 M (USD)-63.08as on Mar 31, 2024
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Latest Funding Round
$29.42 M (USD), Post-IPO
Feb 03, 2024
- Investors
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Employee Count
35087
as on Apr 06, 2024
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Investments & Acquisitions
Mobivite
& 1 more
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IPO & Listings of One97 Communications
One97 Communications is a publicly listed company on the NSE with ticker symbol PAYTM in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of One97 Communications
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $29.4M
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First Round
First Round
(03 Feb 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Post-IPO - One97 Communications | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in One97 Communications
One97 Communications has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Wealth management, investment advisory, and financial services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by One97 Communications
One97 Communications has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Mobivite and Plustxt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Text messaging application for Indian languages is provided.
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2012 | ||||
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Mobile websites are built via cloud-based SaaS without coding requirements.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - One97 Communications
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
One97 Communications Comparisons
Competitors of One97 Communications
One97 Communications operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as PhonePe, MobiKwik, Paytm, FreeCharge and MoneyGram, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Payment, financial, investment, and lending services are provided digitally.
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| domain | founded_year | HQ Location |
Operator of platform for online mobile, DTH recharge, and bill payments
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| domain | founded_year | HQ Location |
Digital payments, financial services, and e-commerce platforms are provided.
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| domain | founded_year | HQ Location |
Digital wallet services for bill payments and recharges are facilitated.
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on One97 Communications
Frequently Asked Questions about One97 Communications
When was One97 Communications founded?
One97 Communications was founded in 2000 and raised its 1st funding round 24 years after it was founded.
Where is One97 Communications located?
One97 Communications is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Who is the current CEO of One97 Communications?
Vijay Shekhar Sharma is the current CEO of One97 Communications. They have also founded this company.
How many employees does One97 Communications have?
As of Apr 06, 2024, the latest employee count at One97 Communications is 35,087.
What is the annual revenue of One97 Communications?
Annual revenue of One97 Communications is $786.21M as on Mar 31, 2024.
What does One97 Communications do?
One97 Communications was founded in 2000 in Noida, India, within the fintech sector. Digital wallet services are offered, encompassing money transfers, bill payments, travel bookings, and online payments. Businesses are enabled to accept digital payments and list products. The platform is accessible via applications on iOS and Android devices, supporting operations primarily in India.
Who are the top competitors of One97 Communications?
Is One97 Communications publicly traded?
Yes, One97 Communications is publicly traded on NSE under the ticker symbol PAYTM.
How many acquisitions has One97 Communications made?
Who are One97 Communications's investors?
One97 Communications has 1 investor. Key investors include Morgan Stanley.
What is One97 Communications's ticker symbol?
The ticker symbol of One97 Communications is PAYTM on NSE.
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