Sharma, founder and CEO of who holds the licence has infused Rs 111 crore, while One97 Communications and One97 India Communications, the parent of Paytm, put in the rest of the amount, as per latest regulatory filings sourced via business research platform Tofler. Paytm Payments Limited has invested 100 crore ( $ 100 m ) of fresh capital . Founder and CEO of the Paytm Vijay Shekhar Sharma invested $ 16.5 m while One97 India and One97 India communications , while others injected the funds . Paytm 's bank will begin operations this month from Uttar Pradesh . Paytm , which launched in 2015 , has seen a 700 % increase in traffic on its platform since demonetisation in India in November .
Paytm Payments Limited has invested 100 crore ( $ 100 m ) of fresh capital . Founder and CEO of the Paytm Vijay Shekhar Sharma invested $ 16.5 m while One97 India and One97 India communications , while others injected the funds . Paytm 's bank will begin operations this month from Uttar Pradesh . Paytm , which launched in 2015 , has seen a 700 % increase in traffic on its platform since demonetisation in India in November .