Paytm : Unlocking Value!
1 min read
Paytm #plans to list all their Subsidiaries as separate companies in 3 years!
In a recent interview, Vijay Shekhar Sharma discloses he plans to spin out different verticals of Paytm & List them as separate #Companies.
• Paytm Currently boosts 9 different units like Paytm Payments Bank , Paytm Money, Paytm Mall, Paytm First Games & several others.
• SoftBank Group, Ant Financial, Alibaba Group, T-Rowe Price are some of their Investors.
• Paytm (One97 Communications) in FY19 :
Valuation : ~$16 Bn.
Revenues : ~₹3,579 Cr.
Losses : ~₹4,217 Cr.
• Paytm’s #losses are growing rapidly. Infact, they are multiplying faster than its revenues.
• Paytm received a #banking license in 2015. They had planned to launch over 100,000 banking outlets by 2018.
However, they are yet to reach the double digit mark.
• Paytm Mall allows consumers in #India to shop from over 1.4 lakh sellers. Their Biz model is highly inspired by China’s largest B2C retail platform Tmall.
• Recently, they launched a #Covid19 insurance plan in partnership with Reliance General Insurance.
VSS : “Paytm might not get listed but the subsidiaries might get listed.”
All eyes on Paytm as they stride towards a rough terrain to attain Profitability!
Thoughts?
Via: Dehit
