Paytm launches two insurance companies
Digital payments startup Paytm has launched two insurance companies, Paytm Life Insurance and Paytm General Insurance, filings revealed. Paytm Founder Vijay Shekhar Sharma, CFO Madhur Deora, and Shankar Prasad Nath are the three signatory stakeholders in both the companies. However, Sharma and Paytm's parent company One 97 Communications are reportedly the majority shareholders in the companies.