Paytm Acquires Deal Platforms Nearbuy and Little, To Merge Both

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.”

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Source: Paytm Acquires Deal Platforms Nearbuy and Little, To Merge Both