Is Paytm mall a failure?

The flight of Paytm Mall has crashed! The ecommerce, which was among the fastest domestic internet firms to grow into a unicorn, failed to take off because of its strategy that was driven by a short -term vision largely dependent on the same: cashbacks.

Is Paytm mall different from Paytm?

Paytm is a platform where you can engage in financial transactions with other people, businesses, etc., shop for certain products, book flight tickets, hotels, movie tickets, train tickets, etc. It is an eCommerce payment system. Paytm Mall is an online consumer shopping platform launched by Paytm for its users.

Why did Paytm mall failed?

The board members of Paytm Mall were in shock when they met in December 2018 to assess the financials of the business, the report added. According to the ET report, the losses of Paytm Mall are expected to escalate by 40-50 per cent in the financial year 2019 due to the expenses on marketing and promotional activities.

Is Cash on Delivery available on Paytm mall?

Paytm Mall presents benefits like faster delivery with easy returns and payment options. Moreover, you can also take delight in online shopping with cash on delivery (COD) option as & when needed.

Is Paytm mall profitable?

Paytm’s ecommerce arm, Paytm Mall, has cut its losses by 60\% to Rs 479 crore in FY20 even as the company posted a 30\% decline in revenue. The company’s revenue for FY20 revenue stood at Rs 703 crore from Rs 968 crore the previous fiscal.

How does Paytm shopping mall work?

Ostensibly, customers could walk into a store, scan the QR code and browse the store’s inventory on Paytm Mall and place an order. The order would then be delivered by the nearest brand-authorised local retailer.

How can I complain to Paytm mall?

To successfully lodge a Paytm Mall complaint, you can call on Paytm Mall customer helpline number 011 33776677. Alternatively, you can use the website or mobile app to raise your issue online. Here, you simply have to use the ‘Help Centre’ section to send your complaint.

When did Paytm Mall start?

Paytm Mall – Company Highlights

How many sellers are on Paytm mall?

Paytm mall claimed of having more than 100,000 sellers that it is looking to grow by 3X. Also, it is looking at EBITDA-level breakeven by FY22.