Moulishree Srivastava

Paytm’s expensive valuation, lack of clarity on the path to profitability, and cutthroat competition are believed to be the key reasons behind its weak market debut.

In the three-day IPO that concluded on November 10, Paytm was oversubscribed 1.89 times, receiving bids for a total of 91.4 million shares against the 48.3 million shares available.

SEBI wants a cap on IPO funds that startups can deploy for M&As unless they specifically disclose takeover targets beforehand.

Nykaa said its consolidated gross merchandise value rose 63% YoY and 10% sequentially in Q3 of 2021 to reach INR 16.2 billion.

India and Southeast Asia are just two to three years behind the US and Europe in terms of fostering climate solution startups, Bean believes.

SoftBank has reportedly invested about USD 3 billion in India so far this year.

Zomato plans to deploy USD 1 billion over the next one to two years to build a hyperlocal e-commerce ecosystem.

After raising INR 53.52 billion (USD 721 million) in its IPO, Nykaa is charting out its next phase of growth, which includes setting up new retail stores in India and expanding internationally.