Paytm posts 69% increase in losses at â¹1,490 crore in FY18
Paytm's parent company One97 Communications posted a 69% increase in losses at â¹1,490 crore in the financial year 2018, compared to â¹879 crore for the previous year, according to filings. Paytm's total revenue more than quadrupled to â¹3,314 crore, from â¹780 crore in 2016-17. Further, the company spent â¹4,718 crore in FY18 against â¹1,947 crore in FY17 in total expenses.