Paytm testing free Wi-Fi service; will honor net neutrality
The new round is expected to raise the company's value to $5 billion, which is twice its valuation at $2 million in May this year. Pictured: Logo of Paytm.Wikimedia commons

Paytm has launched a 2-day long weekdays sale that not only includes big offers but also a chance for its customers to win iPhone 6. The latest contest will have a lucky draw through which winners will have a chance to win brand new iPhone 6.

Apart from iPhone 6, there are prizes worth Rs 2, 000 and 100 percent cashback promocodes. The contest has been announced on the official Twitter handle of Paytm and also on its official website. The "everyday must-have" 2-day sale started on Aug. 3 and soon the hashtag "#MustHavesOnPaytm started trending on the micro-blogging site.

Buyers can avail 50 percent cashback on daily needs in the 2-day sale and lucky winners can bag iPhone 6. Apart from the iPhone 6 contest, there is another contest wherein participants can win 100 percent cashback "Add Money" promocodes worth Rs. 500 each for four winners.

The contest involves some simple rules. Participants on Twitter need to first retweet the official contest tweet. Retweet and answer the questions correctly with the trending hashtag. Participants have to be Indian residents and above the age of 18 years. The winners have to provide requisite documents to claim the offer after the contest. To check the offers and contest details, interested people on Twitter can click here and others can directly check it on its official website by clicking here.

Paytm is one of the leading online shopping, movie ticketing and recharge service providers in India. It currently has a user base of more than 125 million.