IPO

Paytm, Zomato’s cost conundrum; insurtech’s rough season

Madhav Chanchani

Pratik Bhakta

May 27, 2022 | 4 Min Read

The Crux newsletter this week. Latest results of Paytm and Zomato make it clear that if you trim losses, the topline will suffer. This is also a problem for privately held unicorns. Plus, deals have fallen sharply in fintech, especially the insurance space

Two of India’s top unicorns, payments major Paytm and food-delivery player Zomato, declared their results just days apart, completing an essential rite of their new public life. The markets have nodded positively, lifting their stocks.

But one significant area of concern in the results is costs, which are up again after dipping a year ago.

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