Friday, 24 March, 2023

Paytm aims to launch IPO by Oct, plans to hit break-even in 18 months

<p>Indian digital payments app Paytm is aiming to launch its IPO by the end of Oct. The company has filed for a $2.2 bn IPO which could be the largest in India. Paytm also expects to reach the break-even point in the next 18 months, if there are no Covid-19 related impacts. Operating losses have been brought down from Rs 24.68 bn a year before to Rs 16.55 bn by the end-March 2021. Paytm is also promoting their payments hardware and software to merchants.</p>