One of the leading e-commerce firm Paytm Mall, which is an online shopping platform, has announced to hire 300 new members for product and technology roles. They have also appointed Abhishek Rajan as the chief operating officer (COO).
Surprisingly, the company will be shifting their headquarters to Bengaluru from Noida.
As per a Financial Express report, the company plans to hire over 300 people for product and technology roles, and are also looking to tap the talent pool in Bengaluru which is touted as India's technology hub. Highlighting about the shifting process, Paytm Mall said it will give its employees the option to move to Bengaluru or continue working from current location in various roles.
"We would like to think of Paytm’s e-commerce business as a Series A startup with $200 million cash in the bank, where key technology and operations components required for running a commerce business have already been built," said Rajan, the newly appointed COO of Paytm Mall.
"In the last 3 quarters, the team has done an incredible job of bringing down the cash burn to $2 million per quarter. There cannot be a better starting line for us, as we look ahead to scale the business in a profitable manner," Rajan added.
Earlier in the week, Paytm Mall was looking to invest in Grofers and MilkBasket to get access to their warehousing infrastructure to boost its hyperlocal delivery play.
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