Paytm E-commerce has changed itself to Pai Platforms

Current Context: Paytm E-commerce has indeed changed its name to Pai Platforms. This change was approved by the Registrar of Companies on February 8, 2024.

• Along with the name change, Pai Platforms has also acquired Bitsila, a seller platform on ONDC.
• This acquisition is expected to strengthen Pai Platforms’ presence in the online retail business.
• Bitsila, launched in 2020, is among the top three seller platforms on ONDC and supports marquee brands like McDonald’s, BigBasket.
• It manages over 600 million product categories across over 10,000 stores in more than 30 cities.
• The platform caters to various sectors, including grocery, food and beverages, fashion, beauty, personal care (BPC), and home decor.
• Elevation Capital is the largest shareholder in the newly named Pai Platforms.
• It is also backed by Paytm Founder and CEO Vijay Shekhar Sharma, Softbank, and eBay.

Question:

Q.1 What is the new name of Paytm E-commerce?
a. Paytm Platforms
b. Pai Platforms
c. Pay Platforms
d. Pi Platforms