Paytm Mall, an e-commerce platform owned by Paytm eCommerce Pvt Ltd, on Monday announced the recruitment of more than 300 new members from Noida to Bangalore for operations and product and technology roles.
The company has also appointed Abhishek Rajan as Chief Operating Officer (COO), which has generated and strengthened the company’s earnings gap over the past four years, with a positive contribution to Paytm’s travel business.
Paytm Mall said in a statement that the move will help Bemgalura’s consumer internet and startup ecosystems access the rich talent pool available.
“In the post-Covid world, we want to bring trade to more customers and serve SMEs across the country,” said Vijay Shekhar Sharma, founder and CEO, Paytm.
Existing employees have the flexibility to either relocate to Bangalore or continue working in different roles from their current position.
In addition, Srinivas Mathi has been promoted to Paytm’s Senior Vice President Merchants Solutions who will work on innovative retail solutions for merchants in his new role.
In his new role as COO, Rajan will set the vision for Rajan Mall and manage the department, products, technology, supply chain, marketing and finance.
He will focus specifically on strengthening the customer experience and expanding the hyperlocal merchant base, enabling more grocery stores to be part of the digital business journey.
“We want to think of Paytm’s e-commerce business as a startup in a series with ব্যা 200 million in cash in the bank, where the technology and operational elements needed to run the business have already been built,” Rajan said.
With an intense focus on profitability, Paytm Mall significantly reduced its quarterly cash burn from ১ 1.8 million to ২ 2 million in the last fiscal year.
Paytm Mall has recently partnered with BigBasket to deliver groceries to the platform.
In February, the e-commerce platform was exported with the aim of becoming India’s largest trading center for “Made in India” products, targeting a gross merchandise value (GMV) of Rs 500 crore in the first two years of operation.