Indian fintech giant Paytm faces harsh valuation check as losses widen

Indian fintech giant Paytm faces harsh valuation check as losses widen

Paytm CEO Vijay Shekhar Sharma. Photo: Ramesh Pathania/Mint

Paytm, a financial services company backed by SoftBank Group and Alibaba, is struggling to turn profitable after last year completing the largest IPO in India’s history.