Digital payments company Paytm on September 19 said it will invest Rs 250 crore in its travel business over the next six months.

This investment will be used to scale up the product and technology team, set up new business verticals and raise market share in the existing travel vertical.

Paytm claims a customer base of more than 1.5 crore and an annual gross merchandise value of Rs 7,100 crore in its travel vertical business.