Paytm Mall losses shrink by 35%

Paytm e-commerce narrowed its losses to Rs 1,171.62 crore in 2018-19 from about Rs 1,787.73 crore in the previous financial year, according to regulatory documents. Paytm e-commerce, which is locked in a battle with giants like Amazon India and Walmart-backed Flipkart, clocked about 25 per cent jump in total revenue at Rs 968.16 crore in 2018-19 as against Rs 774.86 crore in the financial year ended March 2017, the regulatory documents sourced by business intelligence platform Tofler showed.
When contacted, Paytm Mall Director Rudra Dalmia said Paytm Mall is focusing on building out online-to-offline business channels.
“Paytm Mall is focusing on building out O2O business channels whilst continuing the online business at contribution margin positive levels. The goal is to be Ebitda (earnings before interest, tax, depreciation and amortisation) neutral by Q2-2020 and profitable by Q1-2021,” he said.