No patakas for Paytm and K.V. Kamath’s many roles

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Editor's note: This is Street Smart, The Morning Context’s weekly newsletter on everything that impacts corporate India. Every Thursday, Street Smart will bring you an original, reported or analytical take on issues that have the potential to shake up the business ecosystem. Advait here. Before we get to this week’s edition of Street Smart, a small announcement. Dear reader, emboldened by your response to the newsletter, we are taking it behind the paywall from this 25th edition onwards. We thank you for your support, and look forward to getting your critical feedback. Now let’s dive in. This week we saw a cracker light up the sky and another that was a bit of a damp squib. I’m talking about Nykaa’s debut on the bourses and Paytm’s IPO. There are reasons why Paytm’s IPO failed to impress and I don't think that’s a bad thing. But I’m not sure if Furquan can say the same when it comes to K.V. Kamath’s appointment at KKR. And it’s not just because former bankers and their post-retirement assignments have gotten a lot of attention in recent …