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Paytm is the latest member of India’s startup royalty to flame out. Edtech firm Byju’s was once India’s most valuable startup, worth $22 billion in late 2022, but the startup is now dealing ...
Paytm (an acronym for "pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. [4] Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications.
The company's initial share sale aimed to raise ₹18,300 crore at a band of ₹2,080-2,150, valuing it at ₹1.39 trillion. [32] The company's IPO was subscribed 18% on the first day, having received bids for 8.742 million shares against the total issue size of 48.4 million shares.
The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess ...
One97 Communications Limited is the parent company of Paytm, a digital payments and financial services company that was launched by Sharma in 2010. [16] In November 2021, Paytm went public raising $2.5 billion at a valuation of $19 billion, making it India's largest initial public offering at that time. [17]
The Q4'16–17 rate was 6.1% as against a forecast of 7.1% by economists. [151] The rate for the financial year 2016–17 was 7.1%, a reduction from the 8% in 2015–16. [152] This drop was attributed to demonetisation by economists. [153] The GDP growth rate for Q1'17–18 dropped to 5.7%, compared to 7.9% a year prior, [154] the lowest since ...
The share of the urban subscribers is 66% and the share of the rural subscribers was 34%. In May 2011, the net monthly addition in terms of the number of subscriptions was 13.35 million. Of those, 7.33 million were from the urban segment and 6.02 million from the rural segment.
As of 2020, ODIN accounted for around 70% of the retail broking market share in trading software. [23] STP-Gate, launched in 2017, is a straight-through processing system designed for the Indian financial markets, facilitating brokers and fund houses in the seamless post-trade settlement of obligations. In August 2024, 63 Moons sold this system ...