What about Paytm Money Now?
I read the RBI thing. Just want to know that whatever I’m investing with Paytm Money (Mutual Funds/ELSS) is safe or not?
Any idea feedback etc?
Regulatory risk is making me a little uneasy staying at PayTM now. I will obviously stick around to see if I get rewarded for the risk I am taking but I just want to understand how do you all think about regulatory risk?
Thank god I sold it after the IPO. People say I have diamond hands but it could have easily been potty hands. 😂
That guy was literally talking about regulatory risk. Dont dunk on someone just because the stock is down. It isn’t his fault.
Hahahaha, VSS made a baller amount of money on this.
Regulatory risk is not usually under employee purview and typically license based startup plays are either a significant moat or worst nightmare.
PayTM will most likely make through. But don’t take so much pain over this. Be married to your career and not your jobz
Look at what happened to razorpay. They could not onboard merchants for over 1 year. It is okay and a part of building a company in this space.
I read the RBI thing. Just want to know that whatever I’m investing with Paytm Money (Mutual Funds/ELSS) is safe or not?
Any idea feedback etc?
RBI is a big bully, everybody knows that. RBI has bullied the likes of HDFC, ICICI and a lot of fintech startups. All it wants is that these folks are compliant with the rules.
RBI is one of the most stringent Central banks in the world...
PAYTM Payments Bank essentially asked to shut shop.
Afaik here are the few implications
That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.
The show cause notice now about misrepresentation of facts. Not sure if they really made so many mistakes, or are being stopped from becoming something for other reasons.
Controversial take below: No doubt that PayTM has been a poster-boy of Indian fintech startups. And Vijay Shekhar Sharma has been an exceptional entrepreneur: building PayTM into a homegrown brand and a multi-billion dollar public compan...