Who doesn’t use online transactions nowadays? We all are quite informed about the Paytm application and its user friendly experience. It also has reliable features like user’s account safety, add free experience and smooth transactions which overall gives the user a very great online and offline payment experience. Recenlty, there’s a buzz about Paytm to Enter in the Insurance Market.
Paytm is the most valuable startup of India and through this online platform, already has a huge market and millions of users only in India alone. Now, it is sure about entering in insurance market. It is owned by One97 Communication Ltd and now all is set for Paytm to Enter in the Insurance Market & spread its wings and acquire the private insurance firm Raheja.
Vijay Shekhar Sharma the CEO and Owner of Paytm announced that they have just made a firm agreement to acquire the renowned Insurance Firm – Raheja in 76 million!! An all- cash deal!!
Now, coming to the Raheja Firm’s short insights, the 51% share of Raheja’s is owned by Prism Johnson and 49% by Qbe Australia. The interesting partnership is always what the Raheja’s have sought for, but now, Paytm is about to acquire 100 % of its share and for this, QorQl Pvt Ltd is helping in easing this deal.
Raheja Insurance provides various types of insurance services, for example: in health, home, vehicle, commercial properties and workplace injuries. Paytm has fully acquired this firm and it will surely start a great insurance service too.
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