Numerical

Paytm

$2.5 billion

Amount Paytm seeks to raise this week, in what could become India’s biggest-ever IPO. This would mean a $20 billion valuation for India’s leading digital-payments platform. A beneficiary of the Indian government’s demonetisation nearly 5 years ago, Paytm now hopes to become a “super app”, offering its 450m users a range of services from buying film tickets to securing loans.

Last Modified: 08-Nov-2021 2:30 PM

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Posted by Numerical Team in Business & Industry

Source The Economist Espresso