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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The fintech CEO’s promise comes on the back of a poor track record + the antitrust watchdog has to prove that the big trustees are indeed a cartel.
Editor's note: Ashwin here. Startup founders and their claims should be taken with a pinch of salt. Especially if it happens to be Paytm’s Vijay Shekhar Sharma, who earlier this week claimed the fintech company would turn profitable at an operational level by September 2023. Separately, the Competition Commission of India is investigating Muthoot Finance’s claim that debt trustees have formed a cartel and jacked up their fees. What CCI decides will impact a Rs 36.12 lakh crore industry. Read on. Paytm’s broken promises “Not again!” a senior analyst at a leading brokerage texted me on Wednesday, with a copy of Vijay Shekhar Sharma’s letter to shareholders promising profitability at an operational level by September 2023. From the letter: We are encouraged by our business momentum, scale of monetisation and operating leverage. We expect this to continue, and I believe we should be operating earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven in the next six quarters well ahead of estimates by most analysts. For those tracking Paytm—reporters, analysts and private investors—long before it became a publicly listed firm, chief executive …
The fintech CEO’s promise comes on the back of a poor track record + the antitrust watchdog has to prove that the big trustees are indeed a cartel.
Editor's note: Ashwin here. Startup founders and their claims should be taken with a pinch of salt. Especially if it happens to be Paytm’s Vijay Shekhar Sharma, who earlier this week claimed the fintech company would turn profitable at an operational level by September 2023. Separately, the Competition Commission of India is investigating Muthoot Finance’s claim that debt trustees have formed a cartel and jacked up their fees. What CCI decides will impact a Rs 36.12 lakh crore industry. Read on. Paytm’s broken promises “Not again!” a senior analyst at a leading brokerage texted me on Wednesday, with a copy of Vijay Shekhar Sharma’s letter to shareholders promising profitability at an operational level by September 2023. From the letter: We are encouraged by our business momentum, scale of monetisation and operating leverage. We expect this to continue, and I believe we should be operating earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven in the next six quarters well ahead of estimates by most analysts. For those tracking Paytm—reporters, analysts and private investors—long before it became a publicly listed firm, chief executive …
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
As the smart fan maker gears up for an IPO, prospective investors could do with some clarity on what the company’s next phase of growth will look like.
The stock market regulator is investigating a string of disappointing public listings. The idea is to send a message.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
