Paytm parent One 97 Communications reports a $66.1M net loss in Q4, up from $20.11M in Q4 2023, on $272.3M revenue, as it grapples with a regulatory clampdown
Manish Singh / TechCrunch :
NPCI data: UPI transactions processed by Paytm fell 14% to $19.9B from January 2024 after RBI curbs, while PhonePe rose nearly 7% and Google Pay rose almost 6%
- Paytm loses usage even before any disruption to its systems — Services of Walmart, Google capitalize on Paytm's troubles
Filings: SoftBank's stake in Paytm was ~5% in January vs. ~18.5% around Paytm's 2021 IPO; SoftBank says it sold most of its stake due to regulatory scrutiny
Min Jeong Lee / Bloomberg :
Paytm shares fell 20% on February 2, after falling 20% on February 1, as the company reels from the RBI clampdown; Paytm lost $2.1B in market cap in two days
Manish Singh / TechCrunch :
Paytm's stock fell ~20% after the company announced plans to issue fewer personal loans under ~$600 to comply with the Reserve Bank of India's tightening rules
Manish Singh / TechCrunch :
Shares of Paytm closed at an all-time low on Tuesday, a week after the post-IPO lockup period for early investors expired, amid competition risk from Reliance
Manish Singh / TechCrunch :
An interview with Paytm CEO Vijay Shekhar Sharma on the company's $1B annual revenue goal, post-IPO stock price crash, giving investors more info, and more
Paytm was the poster boy for India's tech startups, only to lose two-thirds of its value since its IPO and become a symbol of the industry's crash. Tweets: @saritharai and @sankalp_sp Tweets: Saritha ...
Paytm's parent One 97, whose share price is down 57% in 2022, reports Q4 revenue up 89% YoY to ~$200M and a net loss up 72% YoY to ~$98M due to higher expenses
Reuters : Source: BSE .
Sources: India's market regulator has tightened scrutiny of IPO-bound firms after Paytm's IPO debacle, worrying startups which fear delays in listing plans
India has tightened scrutiny of IPO-bound firms by questioning how key internal business metrics are used to arrive at valuations … Tweets: @adityakalra , @reutersbiz , @reutersbiz , and @adityakalra ...
Paytm closed at ~$17, a record low, after dropping 16%+ this week, including 8% on Wednesday as a post-IPO lockup expired; Paytm is down 39% from its IPO price
Nupur Acharya / Bloomberg :