Paytm will show better growth till September 2023

Paytm will come into breakeven in one and a half years. The company has said that it will achieve this target by September 2023. Paytm founder Vijay Shekhar Sharma has written such a letter while addressing the shareholders. In this, he expressed confidence that the company is moving in the right direction. He said in the letter – We are encouraged by the growth, monetization scale and operating of our business.

We expect this growth to continue and I believe that we will achieve operating EBITDA (EBITDA before ESOP cost) in the next 6 quarters (ie end of September 2023), which is higher than the expert estimates. will be achieved much earlier. We are going to achieve this without compromising on any of our development plans.

As per the company's business update shared with the exchanges, Paytm has seen massive growth in the last quarter of FY22 - 6.5 million loans disbursed during the quarter (Y-o-Y growth of 374%), amounting to Rs 3,553 crore. The total value of Rs. GMV grew by 104% year-on-year to Rs 2.59 lakh crore and monthly transcuting user base grew by 41% to 70.9 million.

Vijay Shekhar Sharma also talked about building a strong leadership team in Paytm. According to him, I am proud of the talent present in our company. We will continue to expand our team with talent in both the technology and finance industries.