What can Paytm gain if the acquisition of start-ups Nearbuy, Little go through?
Paytm is said to be in advanced talks with Nearbuy and Little for their acquisition.
Key highlights:
- The two start-ups offer discount deals to restaurants, salons and commercial establishments
- Paytm to get a boost the company's presence in the hyperlocal space
- Groupon sold majority of its stake in Nearbuy to Sequoia India for $20 million
Mobile wallet company Paytm is in advanced talks to acquire two deals platforms, Nearbuy and Little, according to Live Mint report. The two start-ups offer discount deals to restaurants, salons and commercial establishments.
Nearbuy formerly went by the name Groupon India. While Little Internet too offers the same type of discounts to restaurant and salons.
If Paytm does acquire these two start-ups it will help boost the company's presence in the hyperlocal space.
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