Soon after industry sources confirmed the news, the price of Paytm’s shares jumped double to $328.77. Should you be buying Paytm shares ahead of the IPO?
The instant, real-time world-class payment system seeded during the country’s demonetization has accelerated during the pandemic.
Flipkart co-founder and former CEO Binny Bansal has sold $14 million worth of shares in the company to New York hedge fund Tiger Global, according to regulatory filings accessed through data intelligence platform Paper.vc.
PhonePe is soon going to be a different entity as Walmart looks for investors to raise funds worth $1 billion.