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Deepak Abbot joins Paytm as SVP of product growth

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Deepak Abbot, who quit Times Internet about 2 weeks ago, has joined Paytm as Senior VP Product Growth. Abbot confirmed the development to MediaNama. Abbot was Times Internet’s head of Smartapp and mobile growth and worked with Times Internet as the head of mobile growth for 2.2 years.

This will be Abbot’s second stint at Paytm. Previously, he worked with the company as the head of product marketing where he looked after growth marketing, product and analytics.

Before his previous tenure at Paytm, Abbot was CPO at Reliance Entertainment Digital, general product manager at Zapak, UX consultant at Satyam Computers, ecommerce product manager at Times Internet and product executive at CyberMedia. He has over 19 years of experience collectively.

Recent appointments and hires at Paytm:

Last month, Paytm appointed former Google executive Amit Singhal as a strategic advisor to its board of directors. Singhal had quit Google in February this year and had said he would concentrate on family and philanthropy. The digital payments and ecommerce company also appointed K Guru Gowrappan, Alibaba Group’s global MD, as an additional director. In the same month, Paytm appointed Madhur Deora as its Chief Financial Officer and Senior Vice President.

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Paytm funding

In August, Paytm raised $60 million from Taiwanese semiconductor manufacturer MediaTek. Overall the company is looking to raise $300 million (Rs 2000 crore), the rest of which is expected to be raised through Alibaba and SAIF Partners. Paytm had previously raised an undisclosed amount in funding from Alibaba and Ant Financial in September last year. In February 2015, Ant Financial Services also acquired 25% stake in One97 Communications for an undisclosed amount.

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