Paytm looks to strengthen travel vertical, to hire more people

Digital payments company, Paytm, aims at the number of train tickets booked through its platform to grow by three times during this financial year.

The company is also strengthening its overall travel vertical and will hire more people over the next two quarters.

The company in a statement said, "Paytm is booking over one million train tickets in a month and has become India's largest platform for train tickets booking, after IRCTC."

It said, "Paytm is now targeting 3X growth this financial year."

Abhishek Rajan, Vice President, Paytm, said, "We are extremely overwhelmed by the response received for train ticket bookings on Paytm in the last six months. Emerging as the country's largest platform in train ticket bookings is a definitive step towards our goal of building the country's largest travel booking platform."

Paytm has witnessed exponential growth in its travel vertical with more than 10 million tickets sold in FY17.

Headquartered in Bengaluru, the travel marketplace team has scaled up to over 150 members in the last 12 months.

The company is looking to increase this to 250 people in next two quarters, the statement said.