Paytm Money to raise $68.3m from parent firm, looks to break even in 18 months

Photo: Reuters

Wealth management platform Paytm Money will raise an additional 500 crore from parent One97 Communications Ltd (OCL) as it looks to achieve break-even in the next 12-18 months, said a top company executive.

The company, which launched futures and options (F&O) trading on its platform on Wednesday, aims to have nearly 100 million users over the next 3-5 years.

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