india-based company: The Noida, India-based company makes a smartphone app that allows users to pay for goods and services such as groceries, auto rickshaw rides, movie tickets and electricity bills, according to Market Watch. It also has an e-commerce platform and offers financial products such as mutual funds and savings accounts. The investment values the parent company, One97 Communications Ltd., at 16 billion, according to a person familiar with the matter, making it one of Asia's most valuable startups. The investment is a reaffirmation of our commitment to provide new age financial services, founder and Chief Executive Vijay Shekhar Sharma said in a statement Monday in India. BABA, 2.23% are existing investors, while new investors such as Baltimore-based investment-management firm T. Rowe Price Associates Inc. Soft Bank 9984, 0.93% and Ant Financial, an affiliate of Chinese tech giant Alibaba Group Holding Ltd.
(news.financializer.com). As
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Tagged under india-based company, e-commerce platform topics.