Financial Services
Paytm, Zerodha success show India Inc's huge Covid bonanza
31 May 2021
Paytm, which first got its big push during demonetisation, surprised the Street with plans of $3 billion initial public offering at a valuation of $25 billion.
Paytm is among the companies which have benefited from the tectonic shift brought about by Covid that has engulfed several businesses globally and in India and led to several layoffs.
Digital transactions have grown at a CAGR of 66.4% to 40.1 billion transactions in FY20 from 3.1 billion transactions in FY15, as per the Reserve Bank of India data. They soared during the pandemic lifting fortunes of the payment companies as people adapted to contactless payments due to the fear of virus and restrictions.

Click here to read the full article on The Economic Times - ET CFO

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