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Paytm Shares: BlackRock, Canada Pension Bought More Paytm Stock After Rout

Several of the biggest investors in Paytm’s record-breaking initial public offering added to their stakes in the Indian fintech giant after shares plunged by as much as 41%, according to people familiar with the matter. BlackRock Inc. and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday, the people said,asking not to be identified discussing private information. The stock climbed for a third day on T...
Tags: Travel, Ipo, Mumbai, Paytm, Blackrock, BlackRock Inc, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, BlackRock Canada Pension

Paytm shares recovers for second day post weak listing

Shares of Paytm rose for a second day on Wednesday, easing a selloff that wiped out about a third of the digital payments startup’s value in its first two trading sessions. Paytm shares had sunk 27% last Thursday, marking one of the worst debuts by a major technology company globally. The market will watch how Paytm will use its strengths to enter into new businesses or create a moat and if it manages to emerge as a leader in a particular business then we can expect buying interest from lower l...
Tags: Business, News, Paytm, Meena

Paytm CEO Vijay Shekhar Sharma lost $836 million in two days

Paytm founder Vijay Shekhar Sharma’s wealth has nosedived more than $836 million after One97 Communications Ltd, the company he has taken public, nosedived 37% in two trading sessions since its market debut. Sharma, who founded the company in 2000, holds a 9.1% stake, or 60 million shares, in Paytm. Paytm said its monthly transacting users also grew by 35% to 63 million in October from 47 million a year ago. [Via]
Tags: Business, News, Ipo, Vijay Shekhar Sharma, Paytm, Sharma, Paytm Paytm, One97 Communications Ltd

Paytm shares rise nearly 10% ,after crashing for two straight days

Shares of recently listed One 97 Communications, the parent entity of digital payments firm Paytm, climbed nearly 10 per cent on Tuesday after declining for two consecutive days post their listing. The Paytm scrip rose 9.58 percent to end at Rs 1,489.80 apiece on the National Stock Exchange while on the BSE, it climbed 9.90 per cent to settle at Rs 1,494.95 per share. During the intraday trade, the stock had hit a high of Rs 1,525.00 on the BSE and NSE. Over 1.29 crore shares were traded on the...
Tags: Business, News, Ipo, Paytm, NSE, National Stock Exchange

Indian payments firm MobiKwik to go public later than initially planned | Reuters

Indian payments firm MobiKwik to go public later than initially planned | Reuters Indian payments firm MobiKwik will carry out an initial public offering later than initially planned, its CEO said on Tuesday, following the dismal market debut of larger rival Paytm (PAYT.NS) earlier this month.In India's largest-ever IPO, digital payments start-up Paytm made one of the worst major Indian stock market debuts as its shares fell more than 27%. read more"We did want to have it (the IPO) around Novemb...
Tags: Travel, India, Paytm, Reuters, Rupert Neil Bumfrey, Reuters Indian, Bipin Preet Singh, MobiKwik

BharatPe CEO said Paytm disrupted the Indian market to return money to Chinese investors.

In an interaction with Moneycontrol, Ashneer Grover, whose firm recently got a small finance bank license, said Paytm gave Chinese investors their money back at the cost of the public market. Ashneer Grover has officially criticized Vijay Shekhar Sharma’s decision to “misprice” the fintech firm’s public offering, adding that a failed listing ends the frenzied cycle of IPOs in India. It saw the worst performance in recent history by tanking 27 percent to Rs 1,560 from the issue price of Rs 2,150...
Tags: Business, News, Ipo, India, Vijay Shekhar Sharma, Paytm, Ashneer Grover, Moneycontrol Ashneer Grover

Paytm IPO Investors Lose $900 Million in Two Days as India’s Biggest Listing Flops

Shares in the parent of Indian financial technology company Paytm closed nearly 37% below their IPO price after suffering through more heavy selling pressure. #paytm
Tags: India, Paytm

India's Paytm Falls for Second Day After Debut Debacle

By Chandini MonnappaBENGALURU (Reuters) - Digital payments firm Paytm fell for a second session on Monday, shaving off $7.75 billion from its...
Tags: India, Paytm, Chandini MonnappaBENGALURU Reuters Digital

Factbox - India's 10 Biggest IPOs and Their Debut Day Performance

(Reuters) - Shares in Indian digital payments firm Paytm slid more than 27% in its stock market listing on Thursday, making it one of India's...
Tags: India, Paytm, Reuters Shares, Factbox India

India's Paytm crashes in market debut, business model questioned

Indian digital payments firm Paytm tumbled 25% on its maiden day of trade on Thursday, with investors questioning its lack of profits and the lofty valuations it gained in the country's... #paytm #crashes #businessmodel
Tags: India, Paytm

Paytm Money introduces ‘Voice Trading,’ an AI-powered service.

Paytm Money has launched ‘Voice Trading’, powered by artificial intelligence, allowing users to place a trade or get information about stocks via single voice command. The voice trading feature enables a single voice command, with the use of neural networks and natural language processing to allow instant processing. The platform is rolling out the voice trading feature in beta to select users. [Via]
Tags: Business, News, Paytm, Voice Trading

India's Paytm's IPO subscribed 48% as fintech firm heads into last issue day | Reuters

Indian fintech firm Paytm's initial public offering (IPO) of up to 183 billion rupees ($2.47 billion) was subscribed 48% on the second day of the issue period, receiving bids for 23.5 million shares, stock exchange data showed on Tuesday.Earlier in the day, Canada Pension Plan Investment Board put in an order for about 6 million shares in the main book, a source told Reuters. At the higher end of the price band, this translates to about 12.8 billion rupees.Paytm has put 48.3 million shares for s...
Tags: Travel, India, Paytm, Reuters, Coal India, Canada Pension Plan Investment Board, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Ant Group

Paytm hints at Bitcoin offering services if India makes crypto “fully legal”

Interestingly, in August last year, Paytm reportedly froze Paytm Payments Bank’s customer accounts, suspecting them of cryptocurrency trading. It is worth noting that the Indian government has been working on a cryptocurrency bill for quite some time. The Reserve Bank of India had banned cryptocurrencies in 2018 but the order was struck down by the Supreme Court in March 2020. [Via]
Tags: Business, News, Supreme Court, India, Bitcoin, Digital Currency, Crypto-Currency, Blockchain, Paytm, Reserve Bank of India, Paytm Payments Bank

Paytm Attracts #AbuDhabi Wealth Fund, Texas Teachers to Mega IPO - Bloomberg

Paytm Attracts Abu Dhabi Wealth Fund, Texas Teachers to Mega IPO - Bloomberg The Abu Dhabi Investment Authority and University of Cambridge are among dozens of successful bidders for the 82.5 billion rupees ($1.1 billion) of stock that digital payments company Paytm is selling to anchor investors in its initial public offering.BlackRock Inc., Canada Pension Plan Investment Board and Singapore’s sovereign wealth fund got some of the largest allocations, Paytm said in an exchange filing Wednesda...
Tags: Travel, Singapore, India, Paytm, UBS Group AG, Rupert Neil Bumfrey, One97 Communications Ltd, AbuDhabi Wealth Fund Texas Teachers, Mega IPO Bloomberg, Abu Dhabi Wealth Fund Texas Teachers, BlackRock Inc Canada Pension Plan Investment Board

Indian Fintech Firm Paytm Signs up Over 100 Institutional Investors for IPO

BENGALURU (Reuters) - Ant Group-backed fintech firm Paytm said it has allocated shares worth 82.35 billion rupees ($1.11 billion) to more than 100...
Tags: Paytm, BENGALURU Reuters Ant Group

Ant Group-Backed Paytm Raises IPO Size to $2.44 Billion

By Sankalp Phartiyal and Chris ThomasBENGALURU (Reuters) -Indian digital payments leader Paytm has boosted the size of its initial public offering...
Tags: Paytm, Chris, Reuters, Sankalp Phartiyal, Ant Group Backed Paytm Raises IPO Size

Paytm Gets Regulatory Approval for India's Biggest Ever IPO -Source

By Sankalp PhartiyalNEW DELHI (Reuters) - Indian fintech firm Paytm has received approval from the capital markets regulator for its $2.2 billion...
Tags: India, Paytm, Sankalp PhartiyalNEW, Reuters Indian fintech

India's Paytm Gets Regulator Approval for IPO -Source

NEW DELHI (Reuters) - Ant Group-backed Indian fintech firm Paytm has received approval from the country's capital market regulator's for its $2.2...
Tags: India, New Delhi, Paytm, Reuters Ant Group

RBI imposes Rs 1 crore fine on Paytm Payments Bank

RBI said the information submitted by Paytm payments bank for the issue of final Certificate of Authorisation did not reflect the factual position. Updated: Oct 20, 2021, 07:35 PM IST. The Reserve Bank of India has imposed a monetary penalty worth Rs 1 crore on Paytm Payments Bank for violating its guidelines. In a press statement, the central bank said that the fine is related to an offence committed of the nature referred to in Section 26 of Payment and Settlement Systems Act, 2007. [Via] ...
Tags: Business, News, Paytm, Reserve Bank of India, Paytm Payments Bank

Tips For Remote Product Management with Saurabh Pareek of Paypal #FWDRadio

In this age of remote work, remote Product Management is also a reality for most Product Managers. Saurabh shares with us a few tips for how to go about doing that successfully and navigating this new paradigm. Saurabh Pareek is a Lead Product Manager @ Paypal. He has earlier held Product Management roles at Paytm and Careers360. FWD Radio is an initiative by FWD Learning App. FWD is the fastest way to learn and develop in-demand skills – including Product Management – and move forward in ...
Tags: Business, Paypal, Paytm, Product Management, Saurabh, Saurabh Pareek

Indiagold raises $12 million for its gold-focused digital alternative credit platform

India has a fascination for gold. The households in the South Asian market are estimated to have a stash of over 25,000 tons of the precious metal, whose value today is about half of the country’s nominal GDP. But much of this gold has been sitting idly in lockers in big metal wardrobes for generations. For generations, Indians across the socio-economic spectrum have preferred to stash their savings — or at least a part of it — in the form of gold. In fact, such is the demand for gold in India —...
Tags: Asia, Finance, India, Funding, Tech, Customers, Paytm, Falcon, Bernstein, Gupta, Nitin Misra, Deepak Abbot, Leo Capital, Prosus, Indiagold, Muthoot Finance

Bankers chase Byju’s for IPO, valuation pegged up to $50 billion

Nearly every top investment bank is chasing Byju’s and nudging the most valuable Indian startup to seriously explore the public markets as soon as next year. Most banks have given Byju’s a proposed valuation in the range of $40 to $45 billion, but some including Morgan Stanley have pitched a $50 billion valuation if the startup lists next year, according to two people with knowledge of the matter. The startup, which has raised $1.5 billion since the beginning of the pandemic last year, was most ...
Tags: Asia, Education, India, Funding, Tech, Epic, Zomato, Morgan Stanley, New Delhi, Paytm, Byju, Nykaa, Byju Raveendran, Byju's, Great Learning

Zomato’s losses widen in first quarterly earnings since IPO

Zomato’s losses more than tripled in its first quarterly earnings report since its listing last month as the company’s expenses grew and the pandemic hit the firm’s dining-out business. The Gurgaon-headquartered firm reported (PDF) a net loss of $48 million in the quarter that ended in June, up from about $13.5 million during the same period last year. The 12-year-old firm also reported strong revenue growth, moving from $35.7 million to $113.4 million during the aforementioned period as more pe...
Tags: Food, Asia, India, Softbank, Tech, Zomato, Gurgaon, Paytm, Swiggy, EBITDA, ESOP, PolicyBazaar, Nykaa, SoftBank Vision Fund, In India Zomato

Financial concierge startup Zeni banks $34M to show SMBs their finances in real time

Zeni, a Palo Alto fintech company providing real-time financial services data to venture-backed startups, raised $34 million in Series B funding led by Elevation Capital. The new investment comes just five months after Zeni announced $13.5 million in a combined seed and Series A round. The company has now raised $47.5 million in total since it was co-founded in 2019 by twin brothers Swapnil Shinde and Snehal Shinde. Elevation was joined in the new round by new investors Think Investments and Nee...
Tags: Startups, TC, Finance, Funding, Tech, Palo Alto, Artificial Intelligence, Controller, American Express, Financial Services, Paytm, Mezi, Sierra Ventures, Saama Capital, Neeraj Arora, Dragon Capital

Vietnamese on-demand e-commerce platform Loship raises $12M at a valuation of $100M

Loship, the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. The round was co-led by BAce Capital, an Ant Group-backed venture firm, and the direct investment unit of Sun Hung Kai & Co Limited.   Founded in 2017, Loship offered one-hour deliveries for a large range of products and services, including food, ride-hailing, medicine and B2B supplies. The company says it ...
Tags: Fundings & Exits, Startups, TC, Ebay, Southeast Asia, Tech, E-commerce, BNP Paribas, Cambodia, Starbucks, Zomato, Vietnam, Laos, On-demand, Paytm, Chen

India's Paytm Eyes IPO by End-Oct, Hopes to Break Even in 18 Months - Source

By Sankalp Phartiyal and Nupur AnandNEW DELHI (Reuters) - Indian digital payments firm Paytm expects to launch its initial public offering (IPO) at...
Tags: India, Paytm, Reuters, Sankalp Phartiyal, Nupur AnandNEW

Daily Crunch: FedEx invests $100M in Indian logistics giant Delhivery

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 16, 2021. A PSA: A few of us at TechCrunch took some time this week to chat about funding rounds, covering them and how startups might stand out. If that’s your sort of thing, you can check out the chat here. OK, news time! — Alex The TechCrunch Top 3 The Zomato IPO: Indian unicorn Zomato’s IPO had a good run this week,...
Tags: Amazon, TC, Asia, Newsletter, Tech, Intel, United States, Virgin Galactic, Venezuela, Tumblr, Zomato, Instacart, Paytm, Danny Crichton, Halla, Jeff Cavins

With open banking on the horizon, the fintech-SME love story is just beginning

Lee Li Contributor Share on Twitter Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). The fintech sector has been hugely successful (and hugely profitable) for much of the last decade, and even more so during the pandemic. But it might come as a surprise to learn that many in the industry believe that the story i...
Tags: Startups, Column, Asia, Europe, Opinion, Finance, China, India, Tech, Banking, Barclays, Alipay, Payments, Financial Services, Fintech, Paytm

India poised for record VC year as unicorns head for decisive IPOs

In case you’ve not been paying attention, we’ll say it again: The global venture capital industry is on fire. The second quarter of 2021 was the largest single three-month period on record for dollars invested. The data coming in points to a worldwide boom. The United States’ startup market had a huge Q2, and investors don’t expect the pace to slow in the country. Europe is also having one hell of a year. Around the world, 2021 is shaping up to be a breakout year for venture investment into star...
Tags: Fundings & Exits, Startups, Europe, Ipo, India, Tech, United States, Alibaba, Venture Capital, Private Equity, Zomato, Unicorns, Blume Ventures, Paytm, MobiKwik, The Exchange

Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public

Warren Buffett. Bill Pugliano/Getty Warren Buffett's Berkshire Hathaway could make a 60% profit when Paytm goes public. The investor's company owns 2.8% of the digital-payments startup, Paytm's draft IPO filing shows. Berkshire, Alibaba, Ant Financial, and SoftBank have all agreed to sell some shares in Paytm's IPO. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway stands to make a 60% profit on its Paytm shares if the Indian digital-p...
Tags: Softbank, US, Trends, Bloomberg, American Express, Berkshire Hathaway, Warren Buffett, Coca Cola, Jack Ma, Berkshire, Nubank, Paytm, Buffett, Combs, Todd Combs, One97 Communications