Japan-based investment giant Softbank has reportedly fully exited Vijay Shekhar Sharma-led Paytm in the June quarter at a massive loss of around $150 million (or about Rs 1,250 crore), PTI reported.
Notably, the Masayoshi Son-led firm invested arou
Fintech start-up I'm working on my project. Anyone here who have experience in app. like phonepe, Paytm, Cred etc.
1 replies2 likes
Vaibhav Babruwan Shingde
Student • 1y
SoftBank's Masayoshi Son is pivoting to AI and chips.📈
• In Q4 2023, SoftBank listed loss of 500 Million Dollars and recently Softbank didn't invest in any startups .
• Mostly SoftBank is investing in AI Startups .
• What do you think about it an
Amid intense competition in the quick commerce space, Blinkit’s adjusted EBITDA loss soared over 381% year-on-year to INR 178 crore in Q4 FY25, compared to INR 37 crore in the same quarter last year.
On a sequential basis, the loss increased nearly
Do you guys think the Paytm fiasco will drive away foreign VC’s from investing in Indian fintech and how did Softbank sell its shares right before the mishap? Something’s fishy.
11 replies23 likes
Havish Gupta
Figuring Out • 4m
Snapdeal is now almost profitable!
So Snapdeal recently released its financials, and they’ve killed it!
Their cost-reduction measures have led to their EBITDA loss dropping to just ₹16 crore in FY24, down from ₹144 crore in FY23.
While their reven
Paytm Cloud Technologies Ltd (PCTL), a subsidiary of fintech major Paytm, has established a wholly owned subsidiary in the United Arab Emirates (UAE).
In a regulatory filing, Paytm announced that PCTL’s board has approved an investment of AED 8 mill
