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India’s Paytm crashes in market debut, business model questioned

India’s Paytm crashes in market debut, business model questioned

by AIP Online Bureau | Nov 18, 2021 | Eco/Invest/Demography, Indian News, Technology

Paytm, backed by China’s Ant Group and Japan’s SoftBank and Berkshire Hathway, grew rapidly after Uber listed it as a quick payment option in India and has expanded into a plethora of services – insurance and gold sales, movie and flight ticketing,...

Paytm’s $2.5 bln IPO mints new millionaires in India

by AIP Online Bureau | Nov 12, 2021 | Eco/Invest/Demography, Facts

About 350 current and ex-employees will each have a net worth of at least 10 million Indian rupees ($134,401.38) after Paytm’s $2.5 billion IPO, a source in the company told Reuters. Many, like Pandey, will become dollar millionaires when the company lists next...
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