News Update

Paytm’s lackluster listing a reality check for tech startups: Venture Capitalists

• ByDevika S     |    November 19, 2021

Following Paytm’s underwhelming performance on the stock exchanges on Thursday, venture capitalists dubbed the listing a “reality check” for the ecosystem, as a slew of other startups, including Droom, MobiKwik, PharmEasy, and Five Start Business Finance, are gearing ready to go public.

Despite being the largest IPO with an issue size of 18,300, Paytm’s issue price of 2,150 fell by 27%. This follows Zomato’s and Nykaa’s blockbuster listings.

Follow Startup Story