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Paytm Spent Rs. 7200 Crore To Make Rs. 3300 Crore Last Year
The math behind how startups work is weird, but it’s easy to forget how weird it really can be. Paytm’s parent company spent Rs. 7,278 crore to earn revenues of Rs. 3,319 crore last year. This meant that the company’s overall losses were 3,959 crore, up 2.6x from losses of 1,490 crore last year. In comparison, revenues only rose 8 percent from Rs. 3,229 crore last year. Losses rising 165 percent and revenues going up...