The missing pieces in Paytm’s story, its business metrics and its impending IPO.
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They were the app’s flagship feature until the RBI shut down new deposits into Paytm wallets a year and a half ago.
Last valued at upwards of $2 billion, the beauty and home services business gearing up for an IPO is too small and too susceptible to market challenges. Its draft papers are worth a look.
With Fullerton acquiring a controlling stake last year, the fintech startup has seen an overhaul of the current leadership, trimmed loan disbursements and a halt in product rollouts.