Paytm gave away ₹588 crore of cashback in 2015
During the recently concluded India Digital Summit conducted by IAMAI (Internet and Mobile Association of India), founder Vijay Shekhar Sharma shared that Paytm gave away ₹588 crore of cashback to its customers in 2015. Notably, the company reported a revenue of ₹337 crore in FY 2014-15 with a loss of ₹372 crore.