Paytm counts costs of regulatory clampdown as losses swell | TechCrunch
One 97 Communications, the parent company of India’s leading digital payments platform Paytm, widened its consolidated net loss to $66.1 million in the quarter ending March, compared to a loss of $20.11 million in the same quarter last year, as it grappled with a recent regulatory clampdown.
For the full fiscal year 2024, Paytm’s consolidated net loss stood at $170 million, down from $213 million in FY23. The Noida-headquartered company’s revenue from operations grew 25% year-on-year to $1.19 bi...
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