![]() TechCrunch reported last month that Flipkart was in talks to raise over $1 billion in what is expected to be its financial fundraise ahead of an IPO. Earlier this year, food delivery startup Zomato said it plans to raise $1.1 billion through an initial public offering. Paytm is the latest Indian giant startup that has expressed an interest in becoming public in recent months. We believe the super-app battle in India is not a ‘winner takes all’ but a game of execution, business building, and creating a superior customer experience with ecosystem integration,” Bernstein analysts added. “However, under the hood, Paytm leads on merchant payments and has built an ecosystem of synergistic fintech verticals around its ‘super-app.’ The ecosystem spans payments (wallet/UPI), full-suite merchant acquiring, credit tech, digital bank, wealth, and insurance tech. “With the advent of UPI, there has been a rising narrative that questioned Paytm’s market leadership,” the analysts wrote, referring to the exponential growth of payments stack developed by retail banks in India that has been adopted by several firms, including Google and PhonePe (as well as Paytm), and which has somewhat lowered the appeal of mobile wallets in India. Paytm declined to comment.Īn overview of Paytm’s financial services ecosystem (Bernstein) Two sources familiar with the matter told TechCrunch that Paytm plans to raise about $3 billion and is targeting a valuation of up to $30 billion in the IPO. Paytm, which is backed by Alibaba and SoftBank, hasn’t shared when it plans to file for the IPO, but has sought shareholders’ response to their intention to sell stakes by the end of the month. The startup said in the letter that it has received an in-principle approval from the board of directors to pursue the public market. This is the first time the Noida-headquartered firm, which is valued at $16 billion and has raised over $3 billion to date, has commented on its plans about the IPO. The startup has offered its employees the option to sell their stakes in the firm. In a letter to shareholders and employees, Paytm said that it plans to raise money by issuing fresh equity in the IPO, and also sell existing shareholders’ shares at the event. He is currently the managing partner of Elevation Capital.Paytm, India’s most valuable startup, confirmed to its shareholders and employees on Monday that it plans to file for an IPO. Adusumalli holds a bachelor’s degree in economics and government from Cornell University. Ravi Chandra Adusumalli, is a Non-Executive Director of the Company and a nominee of SAIF and Elevation Capital on the Board. He was also associated with Deutsche Bank AG. He currently serves as a managing partner at SoftBank Investment Advisers. He has completed his master’s in business administration from Cornell University. ![]() Munish Varma, is a Non-Executive Director of the Company and a nominee of SVF on the Board. ![]() ![]() 16,600 crores via an initial public offering. He has received multiple industry honours such as the ‘Entrepreneur of the Year’ award in 2018 by All India Management Association, ’Entrepreneur of the Year’ at ET Awards for Corporate Excellence’ in 2016 and ‘GQ Man of the Year’ in 2016. The digital payments behemoth, Paytm, is looking to raise funds worth Rs. Sharma has featured in ‘2017 Time 100’, the list of ‘hundred most influential people in the world’ by Time magazine. Sharma is the founder of the Company and oversees the Company's key strategic efforts including engineering, design and marketing. He holds a bachelor’s degree in electronics and communications from the Delhi College of Engineering. Vijay Shekhar Sharma, is the Managing Director and Chief Executive Officer of the Company and the Chairman of the Board. ![]()
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