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Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early The report by Australian financial services firm Macquarie saying that Jio Financial Servicess entry into the lending space is a threat to Paytm and Bajaj Finance seems to be a comparison that has been done in a hurry, industry sources said on Wednesday. To date, Paytm has seen competition from the likes of WhatsApp, Amazon Pay, PhonePe and Google Pay but so far, none of them have managed to usurp the company's leadership across payments and financial services. Even Macquarie, in it...
Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early
Macquarie`s comparison of Jio Financial Services with Paytm an assumption made too early
Source: IANS
23/11/2022 12:41:11 PM
New-age Indian internet firms continue to bleed as startup IPO dream over With leading financial services company Paytm's shares plunging to an all-time low of Rs 477 on Tuesday, the grim performance of new-age internet companies continued in the public market amid the global macroeconomic conditions. In the last 16 months or so, five of such startup/unicorn's initial public offerings - Paytm, Zomato, Nykaa, Delhivery and Policybazaar - have gone through a bloodbath, shedding more than $18 billion in value. VC firm Lighthouse India Fund III has sold 3...
New-age Indian internet firms continue to bleed as startup IPO dream over
New-age Indian internet firms continue to bleed as startup IPO dream over
Source: IANS
23/11/2022 10:45:17 AM
Macquarie says no signs of headwinds abating at Paytm Foreign brokerage Macquarie said on Monday there is no signs of headwinds abating at Paytm as it slashed the target price to Rs 900. One 97 Communications or Paytm stock was down almost 5.95 per cent on Monday at Rs 1,158. Since November 18, 2021, Paytm's stock price has fallen 40 per cent vs Sensex's flat performance, Macquarie said. Post the various business updates and results, Macquarie said revenue projections, particularly on the distribution side, is at risk and hence ...
Macquarie says no signs of headwinds abating at Paytm
Macquarie says no signs of headwinds abating at Paytm
Source: IANS
10/01/2022 4:47:08 PM