Day: May 22, 2024

Upstox forays into insurance distribution; aims to simplify wealth management in India

May 22, 2024
Business

● Beginning with Term Life Insurance the company will further expand its offering to Health, Motor and Travel insurance ● HDFC Life is among the first insurers to partner with Upstox and feature on the platform Upstox, one of India’s premier wealth management platforms, today announced its entry into the insurance distribution business. While…

Paytm’s FY24 Revenue jumps 25% YoY to ₹9,978 Cr, EBITDA before ESOP at ₹559 Cr

May 22, 2024
Business

Paytm, India’s leading payments and financial services distribution company, has announced Q4FY24 and FY24 results. The company’s core business saw a 25% YoY increase in revenue from operations to ₹9,978 crore in FY24. The growth was driven by accelerated GMV, strong device additions, and the expansion of its financial services distribution business. …