Paytm Money, an Indian investment and wealth management startup, is planning to invest 250 crore rupees ($35 million) over the next two years.
Paytm Money said in a statement that the projected commitment will enable it to launch new businesses including stockbroking, National Pension Scheme and more in this financial year.
The startup has already received the regulatory nod for offering stockbroking and National Pension Scheme services to its users and is expected to launch them soon.
Paytm Money, the wholly-owned subsidiary of One97 Communications, which operates Paytm, has approximately $8 million in revenue annually.