 "Paytm founder Vijay Shekhar Sharma")
Paytm parent One 97 Communications’ consolidated loss more than doubled in the financial year ended March owing to capital expenditure on brand and business activity, but said it was going to focus more on its services and other businesses to improve turnover. Loss for 2018-19 (FY19) more than doubled to Rs 4,217.20 crore, compared with Rs 1,604.34 crore in the year-ago period.
One 97 in its annual report said its total revenue on a consolidated basis rose to Rs 3,579.67 crore in FY19 from Rs 3,309.61 crore a year ago.
“The company is focusing on strengthening its position in various business segments
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