E-commerce platform Paytm Mall, owned by Paytm Ecommerce, on Monday announced to move its operations from Noida to Bengaluru and hire over 300 new members for product and technology roles.
The company also appointed Abhishek Rajan as chief operating officer (COO) who, during the last four years, has built and scaled up Paytm’’s Travel business driving large revenues for the company at a positive contribution margin.
Abhishek Rajan, in his new role as COO, will set the vision for Mall and oversee the operations across categories, products, technology, supply chain, marketing and finance.
He will focus on strengthening the commerce customer experience and expanding the hyperlocal merchant base, thereby enabling more Kirana stores to be part of the digital commerce journey.
Paytm Mall said the move would help it tap into the rich talent pool available in Bengaluru’s consumer internet and startup ecosystem.
“In the post-COVID world, we want to bring commerce to even more customers and serve the SMEs across the country. We are well-capitalized, have a great team, and a massive network of customers to make our O2O model penetrate further in India,” said Vijay Shekhar Sharma, founder and CEO of Paytm.
The existing workforce has the flexibility to either shift to Bengaluru or continue working from their current location in various roles.
Paytm has promoted Srinivas Mothey to senior vice president Merchants Solutions at Paytm who would be working on innovative retail solutions for merchants in his new role.
Paytm Mall has significantly reduced its quarterly cash burn from $17 million to $2 million during the last financial year.
Paytm Mall recently partnered with BigBasket for the supply of groceries on its platform.
