Paytm has maintained the growth momentum in the payments services business, expanded financial services business aggressively and are on the way to pre-pandemic volumes for Commerce and Cloud service.
The Paytm debacle shows how sentiment-driven investing does not work. One should know newer ways of evaluating new-age IPOs.
Equity analysts are divided on Policybazaar's fall. Some say large IPOs tend to get a cold response on or soon after the listing day, while others say some profit booking has caused the fall.
Foreign brokerage believes path to profitability is not clear since company lacks leadership in most segments.
Foreign brokerage Macquarie expects price to fall 44% to ₹1,200.
Analysts divided on India’s largest stock market debut.
Paytm's group chief financial officer avers that the company's marketing costs are falling, and the company is well on track towards profitability.
Paytm has become synonymous with cashless payments in India. Its QR code stickers are omnipresent—from high-end stores to roadside ramshackle stalls. This shows how it has indented Indian commerce.
Decacorns, namely, Paytm and Byju’s are the Indian outliers.
“Investors see who you are, your team. It’s like selling a dream. They don’t give money to your business, they give you the money because you are an incredible guy and have a great team.”
