#SOURCES INDIAN PAYTM 3B IPO 29B MOVIE#

In Q2, the startup’s losses surged to $50.9 million, Paytm said, citing additional marketing and promotional campaigns in the run up to the IPO. In the new filing, Paytm disclosed that it clocked $118 million in revenue from its operations in the quarter that ended in June this year, up 62% from the prior quarter. The startup, led by Vijay Shekhar Sharma, describes itself as having “created a payments-led super app, through which we offer our consumers innovative and intuitive digital products and services.” The startup says it has amassed over 330 million users across its services, more than a third of whom transact annually.

#SOURCES INDIAN PAYTM 3B IPO 29B MOVIE#

It has since expanded to a wide range of services such as payment gateway, e-commerce marketplace, movie and travel ticket booking, as well as insurance and digital gold. Paytm, which is backed by Alibaba, Berkshire Hathaway and SoftBank among others, launched in 2009 to help users easily make digital payments from their phones and top up credit. The startup is moving to price its share in the range of 2,080 to 2,150 Indian rupees ($27.70 to $28.60), a person familiar with the matter said, adding that the subscription will be available from November 8 to 10, and the trading will begin on November 18 - or thereabout.Ī successful listing would make Paytm the biggest IPO in India, surpassing a record $2.07 billion initial public offering by government-owned coal mining and refining firm Coal India 11 years ago. In an updated filing this week, Paytm said it is seeking to raise $2.4 billion. The startup, which has raised more than $3 billion over the past decade and was last valued at $16 billion, said at the time that it was looking to raise about $2.2 billion. Paytm filed the paperwork for an IPO with the local regulator in July this year. As of June 30, 2021, it offered payment services, commerce and cloud services and financial services to 33.7 crore registered consumers and to over 2.2 crore registered merchants.Paytm, one of India’s most valuable startups, is seeking to raise as much as $2.4 billion in what is shaping up to be the biggest initial public offering in the country at a valuation of $20 billion, according to two people familiar with the matter and internal documents seen by TechCrunch.

Paytm is India's leading digital ecosystem for consumers and merchants.

The company is targeting a valuation of roughly US25. Paytm is likely to remain loss making at EBITDA levels during the period. Details: Paytm is looking go through with the listing, which is expected to be the largest debut ever in India, around November this year.

Choice Broking has forecasted a top-line growth of 30.9 per cent CAGR to Rs 6,289.8 crore in FY24E, mainly on the back of 35.5 and 62.6 per cent CAGR rise in gross merchandise value (GMV) of payment and financial services and commerce segment.

For fiscal ended March 2019, revenue stood at Rs 3,232 crore.

Revenue from operations for the fiscal ended March 2021 fell to Rs 2,802 crore against Rs 3,280 crore revenue for the fiscal ended March 2020.

However, the firm's loss widened to Rs 380 crore in the first quarter of FY21 against Rs 281 crore loss reported in Q1 of last fiscal. In August, SoftBank re-entered ecommerce major Flipkart by investing in it as part of a 3.6 billion funding round. In the last fiscal, Paytm logged a loss of Rs 1,696 crore. In June, SoftBank Vision Fund CEO Rajeev Misra had told ET that the fund had invested 2 billion in the first five months in India, including deals that weren’t announced at the time. Its loss narrowed to Rs 2,842 crore in FY20.

In FY19, the firm reported a loss of Rs 4,181 crore.

It excludes any consumer-to-consumer payment service such as money transfers. The company defines GMV as the rupee value of total payments made to merchants through transactions on its app, through Paytm Payment Instruments or through our payment solutions, over a period. GMV stood at Rs 2,29,200 crore for fiscal ended March 2019. GMV rose 33 per cent to Rs 4,03,300 crore for fiscal ended March 2021 against Rs 3,03,200 crore GMV for fiscal ended March 2020. Paytms 18,300 crore initial public offer (IPO), the countrys biggest ever, was subscribed 18 per cent on November 8, 2021, the first day of bidding. Paytm reported a GMV of Rs 69,700 crore in the first quarter of previous fiscal. The company clocked a 110 per cent rise in gross merchandising value (GMV) to Rs 1,46,900 crore for the quarter ended June 2021.

Sources indian paytm 3b ipo 29b