Paytm e-commerce changes name to Pai Platforms: Reports
As per media reports, Paytm E-commerce has acquired a seller platform on ONDC called Bitsila
Media reports note that Paytm e-commerce has changed its name to Pai Platforms after receiving approval from the Registrar of Companies. PTI reported that the company had applied for a name change around three months ago and got approval from the Registrar of Companies on February 8.
The report also said that Paytm E-commerce acquired a seller platform on ONDC called Bitsila.
According to a Registrar of Companies notification dated February 8, “The name of the company has been changed from Paytm E-Commerce Private Limited to Pai Platforms Private Limited with effect from the date of this certificate... The company was originally incorporated with the name Paytm E-Commerce Private Limited.”
PTI quoted a source saying, “Pai Platforms is a leading buyer platform on the ONDC network and Bitsila acquisition will further bolster its commerce play,”
The largest shareholder in Paytm E-commerce is Elevation Capital. It is also backed by Paytm Founder and CEO Vijay Shekhar Sharma, Softbank and eBay.
