Paytm officially revealed for the first time today(28th Oct.2021) that its IPO will be at a $19.5 billion to $20 billion valuations. Paytm was valued at $16 billion when it raised funds two years ago. The IPO was priced at a lower valuation so that more people can participate, the company said.
Founder and CEO Vijay Shekhar Sharma said, "Our life is going to become QSQT now or quarter se quarter tak (from one quarter to next)." He added that there is no interesting acquisition target on the horizon and the company is more focused on building itself as compared to buying. "But never say never," he added.
The payments unicorn claims to have become contribution margin neutral, meaning it is recouping its cost from operating revenue. The company's contribution margin grew 198 percent to Rs 245 crore in Q1FY22 compared to the corresponding quarter in the previous financial year.
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