At a time when not many people knew about e-wallets, and e-commerce was still quite raw in India, a company was working on probably India’s first e-wallet. Never did this small company know that one day, their small venture would become one of the best e-commerce services in India. Yes, it is PayTM First Game. The website was launched in August 2010, as an e-commerce service, e-wallet, and payments bank, and since then it has become one of the biggest merchant companies in India, receiving funding from the Chinese e-commerce giant, Alibaba. Alibaba Group has the biggest stake in PayTM First Game (today). As of March 2017, Alibaba has increased its stake in the company by 177 million USD, making its total stake around 850 million US dollars, which is undoubtedly huge!
*Last Updated on 21th May 2022*