Paytm borrows ₹300 crore from ICICI Bank
Online payments and m-commerce platform Paytm has taken a loan of around ₹300 crore from ICICI Bank in two tranches. Vijay Shekhar Sharma, Paytm Founder, said "the loan is a treasury management move for working capital". The Noida-based startup last year had borrowed ₹15 crore from HDFC Bank for working capital requirements, which has been repaid.