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Paytm's missing link

Macquarie Capital has also expressed its concerns on the consistent reduction in the ticket size of Paytm's loans

Vijay Shekhar Sharma. PayTM
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Vijay Shekhar Sharma. PayTM

Shyamal Majumdar
Even his staunchest critics can’t deny that Vijay Shekhar Sharma has done a stupendous job in the fintech space after he founded Paytm in 2010. Paytm is a product with high recall and used its first-mover advantage to create a new customer behaviour through an easy transaction experience and reach. In that sense, its disastrous public market debut in November has been a nasty surprise to investors — after Wednesday’s trade, the stock has eroded over half the value from the initial public offering (IPO) price of Rs 2,150.

One doesn’t need to be an expert to figure out that the
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