Paytm posts wider Q4 net loss, signals job cuts and asset sales
Wednesday, 22 May 2024
Once a role model for India's burgeoning startup economy, Paytm's net losses surged to 5.5 billion rupees ($66.1 million) for the quarter ending in March. The company, known as One 97 Communications Ltd, also reported a 2.6% decline in revenue to 22.7 billion rupees, marking its first revenue drop since its 2021 stock-market debut.
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