Elevation Capital offloads Paytm stake worth Rs 2,038 crore via bulk deals
05 Aug 2026, 01:37 PMThe shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
Share the story on
Venture capital firm Elevation Capital has reduced its stake in fintech major Paytm by selling shares worth about Rs 2,038 crore through bulk deals.
The transaction saw three entities of the venture capital firm -- Elevation Capital V, SAIF III Mauritius Company and SAIF Partners India IV -- collectively offload 1.49 crore shares at Rs 1,367.8 apiece.
SAIF III Mauritius Company sold 97.43 lakh shares worth Rs 1,332.7 crore, while SAIF Partners India IV divested 41.36 lakh shares valued at Rs 565.77 crore. Elevation Capital V sold the remaining 10.2 lakh shares for Rs 139.55 crore.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors. Buyers included Axis Mutual Fund, Edelweiss Mutual Fund, Franklin Templeton, Tata Mutual Fund, Susquehanna, Morgan Stanley, Goldman Sachs and Societe Generale.
In May, the venture capital firm had sold shares worth around Rs 630 crore. Elevation Capital, the earliest major institutional investor in Paytm, held a stake of a little over 12% in the company at the end of the June quarter.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
