Funding · Financial Services

Paytm raises ₹825 crore via debt

By Startup Enthusiast · 12 March 2026

What they do

Paytm is a digital payments and financial services platform in India

It raised ₹825 crore in debt funding to strengthen its capital base

The debt comes as the company works to meet regulatory requirements. sector: fin

Paytm has raised ₹825 crore in debt funding.
The debt is structured as non-convertible debentures (NCDs, a type of loan instrument that can be traded).
The funds will be used to strengthen the company's capital base.
This comes as Paytm works to meet regulatory capital requirements set by the Reserve Bank of India.
The debt was raised through a private placement (sale of securities to a select group of investors).
The company's board approved the fundraise earlier this month.

Paytm has been under regulatory scrutiny after the RBI imposed restrictions on its payments bank arm.
The company needs to shore up capital to comply with net worth norms for its payments business.
This debt raise follows a ₹1,000 crore equity fundraise completed last year.

Paytm operates India's largest digital payments ecosystem.
It offers mobile payments, merchant QR codes, and online payment gateway services.
The company also provides financial services including loans, insurance, and wealth management.
Paytm has over 350 million registered users and 20 million merchants.
It generates revenue through transaction fees, merchant commissions, and financial product distribution.
The company is headquartered in Noida, Uttar Pradesh.