Shweta Modgil | Inc42
Nearly three months after Paytm was reported to be in talks to acquireBengaluru-based O2O deals platforms Little and Gurugram-based Nearbuy, the digital wallet company has finally taken over the two companies.
As per a media report, in a statement, Paytm said it arranged a merger of the two startups and made a strategic investment in the resultant entity for a majority stake.
Vijay Shekhar Sharma, founder and CEO of Paytm stated, “This combination of Nearbuy and Little marks a great opportunity for us to reinforce our commitment to support small and large retailers in the new age of mobile commerce and payments.
I am sure consumers will love the greater selection and reach of everyday deals and discount offers.”