Crisis-hit Paytm shares fall 9% amid report to acquire ONDC startup Bitsila – Fortune India

Shares of Paytm parent, One97 Communications, tumbled nearly 9% in early trade on Friday amid a report that the payment solutions company is in talks to acquire e-commerce startup Bitsila. The Bengaluru-based startup, established in 2020 by Dasharatham Bitla and Sooryah Pokkali, is the third-largest seller-side platform on the Open Network for Digital Commerce (ONDC).