Paytm sees its losses more than double in 2019-20

Paytm sees its losses more than double in 2019-20

Paytm founder Vijay Shekhar Sharma. Photo: Pradeep Gaur/Mint

One97 Communications Ltd, the parent of mobile payments company Paytm, may see its losses more than double in the year starting 1 April, according to its estimates.

Paytm expects its loss to surge to around ₹2,100 crore for the year ending 31 March 2020 from an estimated ₹870 crore in the current fiscal, according to a confidential report prepared by investment bank Corporate Professionals Capital Pvt. Ltd for Paytm. Mint has reviewed a copy of the report.

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