Paytm faces Red Queen test to make its valuation stick

Paytm faces Red Queen test to make its valuation stick

Visual from Patytm website.

One97 Communications Ltd, the company that owns Paytm, reported a loss of Rs1,534 crore for fiscal year 2016 (FY16), three times that of the previous year, according to a PTI report, citing regulatory filings. That year, founder Vijay Shekhar Sharma sold 1% of his stake in the company for a cool Rs325 crore, thus valuing it above Rs32,000 crore.

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