Paytm best bet to ride fintech, but valuations lofty

Paytm best bet to ride fintech, but valuations lofty

The Paytm initial share sale, which opens for subscription on Monday, aims to raise 18,300 crore at a band of 2,080-2,150, valuing the company at 1.39 trillion at the top end

MUMBAI : One 97 Communication Ltd, the company that runs the Paytm payments service, is among the best bets to ride the fintech wave in India, analysts said, even as some expressed reservations about the lofty valuation the company is seeking.

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