No respite from losses : Paytm’s first half losses at Rs 858.30 crore

11-year-old Paytm, the fintech giant with the majority of investments from China’s Alibaba Group and Japanese Soft Bank, extended its losses in the second quarter (July-September) to Rs 481.70 crore from Rs 376.60 crore in the first quarter (April-June) ) 2021-22. However, total income increased by 19.62% to Rs.1,134.50 crore in the same period. First … Read more

Cryptocurrency is here to stay: Paytm founder Vijay Shekhar Sharma

“I am very optimistic about cryptocurrencies. They are mainly based on cryptography and in a few years the mainstream technology will be like the Internet which is (now) a part of everyday life,” he said. Fintech Paytm founder Vijay Shekhar Sharma said Thursday that the cryptocurrency is here to stay and is primarily based on … Read more

Paytm sees 418% increase in value of loans disbursed in Oct; to declare Jul-Sep results on Nov 27

Financial services firm Paytm on Sunday said it saw a 418 per cent year-on-year increase in the value of loans disbursed through the platform in October at Rs 627 crore, while the number of loans granted grew by 472 per cent year-on-year. The newly listed company said its board of directors will meet on November … Read more

Weekly Rundown: Paytm stumbles; Mensa becomes India’s fastest unicorn, Flipkart forays into e-pharmacy

The launch of fintech giant Paytm into the public market turned out to be a disappointing deal for investors as the company lost more than a quarter of its value on the first day of trading. After its $2.5 billion initial public offering, which was India’s biggest stock market debut, Paytm shares plunged more than … Read more

Will Paytm’s poor debut hit Indian start-up ecosystem’s funding and valuations?

When a prominent fintech company in India, also a well-known brand, after raising a record 18,300 crore ($2.2 billion), lists on the stock exchange at a steep 27 per cent discount to the issue price – which translates to a drop in valuation including At least $3.5 billion – There must be something seriously wrong … Read more

Paytm IPO debacle: Advice and sympathies pour in for investors

One97 Communications Ltd. registered. , the parent company of digital payments platform Paytm, had the worst trading debut in at least two decades as the stock collapsed 27 percent on Thursday. In a tweet, Harsh Goenka, President of RPG Enterprises, expressed his caution, “For those who signed up for IPOs – let this be a … Read more

Paytm listing: No cash back, it’s ₹35,000-cr investor wealth gone

Palak Shah India’s largest initial public offering in a decade started with a hearty stomach for hundreds of investors as Paytm’s share price collapsed 27.25 per cent when it was first floated on Thursday. This is the biggest first-day loss of any IPOs in the past 10 years. Retail investors suffered a loss of more … Read more

Despite Paytm’s lackluster listing, Chinese investors Ant Financial, Alibaba make $1 bn

Although retail and institutional investors were lightly shocked when financial services company Paytm debuted on exchanges at a 9 percent discount over its IPO price range, the company’s largest shareholders, including Chinese tech giants Ant Financial and Alibaba billion by selling part of their stake in the company. Both Chinese investors sold a total stake … Read more

‘Thank you for taking away our money’, say netizens after Paytm’s lukewarm listing at bourses

Digital payments giant Paytm listed on exchanges today. Soon after the list ended, netizens split up. Some netizens have criticized Paytm for “withdrawing” their money, while others have taken the opportunity to share some rib-ticking memes. “Thank you Paytm and Vijay Shekhar Sharma for taking our money (more than the refunds I have given all … Read more

Startup IPOs: The contrarian view of domestic and foreign institutional investors

Initial public offerings (IPOs) for startups are sold like hotcakes in the stock market as investors across categories bid in droves for these technologically advanced companies, but are mostly money-losers. The recent past has seen startups like Zomato, Nykaa, Policybazaar and Paytm launch their public versions and debut on the exchanges. Then there was also … Read more