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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The company seems to be betting on selling shares in Tokyo-based PayPay to help meet its self-imposed deadline, but its track record isn’t heartening.
Editor's note: Last week, when Paytm released its earnings for the 2021-22 fiscal year, Pine Labs chief executive officer Amrish Rau couldn’t hold back a jibe. “What a liar,” he commented under Paytm’s official tweet announcing the results. In its maiden annual financial report as a publicly listed company, Paytm’s losses widened to Rs 2,396 crore against Rs 1,701 crore in the previous fiscal, weighed down largely by marketing, promotion and employee stock option expenses, even as its revenue from operations grew 77% to Rs 4,974 crore. What triggered Rau’s tweet, however, seems to be a specific comment by Paytm while declaring the results: “With our continued focus on revenue growth & increased contribution margin, we are on the path to achieve profitability by September ’23 quarter,” the digital payments company tweeted late on Friday. Paytm founder and CEO Vijay Shekhar Sharma had made a public commitment in April to become profitable in adjusted EBITDA terms by September 2023. EBITDA is short for earnings before interest, taxes, depreciation and amortization, a measure of operating profitability; Paytm’s adjusted EBITDA measure also excludes employee …
The company seems to be betting on selling shares in Tokyo-based PayPay to help meet its self-imposed deadline, but its track record isn’t heartening.
Editor's note: Last week, when Paytm released its earnings for the 2021-22 fiscal year, Pine Labs chief executive officer Amrish Rau couldn’t hold back a jibe. “What a liar,” he commented under Paytm’s official tweet announcing the results. In its maiden annual financial report as a publicly listed company, Paytm’s losses widened to Rs 2,396 crore against Rs 1,701 crore in the previous fiscal, weighed down largely by marketing, promotion and employee stock option expenses, even as its revenue from operations grew 77% to Rs 4,974 crore. What triggered Rau’s tweet, however, seems to be a specific comment by Paytm while declaring the results: “With our continued focus on revenue growth & increased contribution margin, we are on the path to achieve profitability by September ’23 quarter,” the digital payments company tweeted late on Friday. Paytm founder and CEO Vijay Shekhar Sharma had made a public commitment in April to become profitable in adjusted EBITDA terms by September 2023. EBITDA is short for earnings before interest, taxes, depreciation and amortization, a measure of operating profitability; Paytm’s adjusted EBITDA measure also excludes employee …
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The quick-commerce startup weighs a valuation cut or finding alternative funding to stay afloat as investor appetite for loss-making businesses weakens.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
