Paytm Sells 12.75% Stake In Jugnoo For INR 3 Cr

Jugnoo said that it repurchased Paytm’s 12.75% stake for INR 23.52 Cr to consolidate ownership and enhance operational control

Jugnoo also plans to undertake an INR 10 Cr rights issue to expand operations and enhance technological capabilities in mobility and logistics

Founded in 2014, Jugnoo offers ride-hailing services, B2B logistics and hyperlocal food and grocery delivery offerings

Listed fintech major Paytm has sold its entire 12.75% stake in mobility aggregator Jugnoo’s parent Socomo Technologies for INR 3…