During the launch of Paytm Money, One97 had announced a commitment of $10 million upfront investment. A few months back, the startup had raised over $4 Mn from the parent entity. With a total user base of 2.5 million and 1 million monthly active users, Paytm Money is now aiming to foray into the low- cost broking model.  
  And now One97 Communications, the parent of Paytm and Paytm Money, is likely to make an additional Rs 250 crore investment in the wealth management platform in the next 12-18 months.
   Besides mutual funds, Paytm Money has already received green light for providing stockbroking and depository services. Within a span of less than one year of launch, the firm has reached at the top in terms of offering direct systematic investment plans (SIPs). The company is accountable for conducting 40% of the total SIP registrations in the country and is looking for further expansion plans, told Paytm Money Director Pravin Jadhav.