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Paytm is not planning any acquisition and international expansion, hopes to beco...
source link: https://nextbigwhat.com/paytm-is-not-planning-any-acquisition-and-international-expansion-hopes-to-become-profitable-next-year/
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Paytm is not planning any acquisition and international expansion, hopes to become profitable next year
- August 20, 2022
- Paytm has no plans to expand internationally or make any acquisitions, the company’s management told shareholders, even as it reiterated its plan to turn operationally profitable by September-end 2023.
- The company’s losses widened to ₹644 crore in the first quarter of FY23 from ₹380.2 crore in the corresponding quarter last year, although its revenue rose over 86% for the same period.
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