Paytm’s weak market listing is expected to bring down the sky-high valuations of tech companies that are eyeing public markets.

Country attracts record number of funds as China’s investment appeal dims.

In this round of India Digest from November 12 to November 18, 2021, read our big story of the week, the weekly buzz, and more.

Paytm’s expensive valuation, lack of clarity on the path to profitability, and cutthroat competition are believed to be the key reasons behind its weak market debut.

Brand aggregator startup boosted by tail winds of economic recovery from COVID-19.

In the three-day IPO that concluded on November 10, Paytm was oversubscribed 1.89 times, receiving bids for a total of 91.4 million shares against the 48.3 million shares available.

SEBI wants a cap on IPO funds that startups can deploy for M&As unless they specifically disclose takeover targets beforehand.

Nykaa said its consolidated gross merchandise value rose 63% YoY and 10% sequentially in Q3 of 2021 to reach INR 16.2 billion.