Stake sale · Financial Services

Elevation Capital sells Paytm stake worth ₹2,038 Cr

By Startup Enthusiast · 4 August 2026

What they do

Elevation Capital sold its shares in Paytm through bulk and block deals on August 4, 2026

The transaction involved approximately 139.99 lakh shares at an average price of ₹1,367.8 per share

This marks the second major stake reduction by Elevation this year, following a ₹630 Cr sale in May

Elevation Capital offloaded Paytm shares worth ₹2,038 Cr via bulk and block deals on August 4, 2026.
The investor sold 97.43 Lakh shares through SAIF III Mauritius Company and 41.36 Lakh shares through SAIF Partners India IV Ltd.
An additional 10.20 Lakh shares were sold via a block deal at the same average selling price of ₹1,367.8.
Buyers included foreign investors like Susquehanna, Morgan Stanley, Goldman Sachs, and Societe Generale.
Domestic mutual funds such as Axis, Edelweiss, Franklin Templeton, and Tata also participated in the purchase.
Insurance companies were among the other buyers for these shares during the transaction.
Elevation held slightly over 12% stake across multiple entities at the end of the June 2026 quarter.
The shares were sold at a discount of near 3% from the closing price of ₹1,408.

This was the second instance of Elevation offloading Paytm stake this year.
Earlier in May, Elevation completed a sale worth ₹630 Cr.
The stock gained about 4.5% over the past couple of weeks post Q1 FY27 disclosures.
Paytm reported consolidated net profit of ₹220 Cr in Q1 FY27, up 79% year-on-year.
Operating revenue reached ₹2,448 Cr in Q1 FY27, showing a 28% year-on-year increase.

Paytm provides UPI payments, mobile recharge, and bill payment services for electricity and FASTag.
The platform handles DTH, insurance premium, metro, and toll gate payments for consumers.
Users can book flights and make peer-to-peer transfers using the app.
Paytm offers credit cards issued by HDFC, SBI, and Axis Bank to its users.
The company operates an insurance marketplace and an investment platform called Paytm Money.
Paytm Money supports Margin Trading Facility (MTF) for trading investments.
Business payment solutions include QR codes, Soundbox devices, and Card Machines.
The company serves millions of users for daily digital transactions and financial needs.
Paytm acts as a comprehensive fintech ecosystem for both retail and business customers.

Elevation Capital (seller) — Venture capital firm that previously invested in Paytm.
Susquehanna (buyer) — Foreign investor participating in the secondary sale.
Morgan Stanley (buyer) — Global financial services firm buying Paytm shares.
Goldman Sachs (buyer) — Investment bank purchasing stake in Paytm.
Societe Generale (buyer) — French multinational bank investing in Paytm shares.
Axis Mutual Fund (buyer) — Domestic mutual fund buying Paytm equity.
Edelweiss Mutual Fund (buyer) — Indian asset management company investing in Paytm.
Franklin Templeton (buyer) — Investment management firm participating in the sale.
Tata Mutual Fund (buyer) — Mutual fund arm of Tata Group buying shares.