The Rapid Downturn of Paytm: Shares Plummet by 36%

Paytm’s Stock Market Plunge Continues, Wiping Out Billions in Market Capitalization

Paytm, once hailed as India’s leading startup, has experienced a dramatic fall in its stock market value this week. Since its highly anticipated initial public offering (IPO) in 2021, the digital payments company has lost a staggering 77% of its value. Despite India’s stock markets reaching new all-time highs, Paytm’s shares have plummeted for two consecutive days, with a 36% drop since Wednesday’s close and an overall decline of nearly 25% this year. The company’s struggles began with its disappointing market debut, failing to convince investors of its profitability amidst fierce competition from domestic and American tech rivals.