Equity Monday: The end of cheap money, and Take-Two buys Zynga

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Monday show, our short ramp into the week. Yes, it’s Monday again. No, you can’t stay in bed. Things are already happening! Take-Two is buying Zynga: In a cash and […]

Paytm stock drops to record low

Shares of Paytm dropped to ₹1,165 ($15.71), the lowest since its market debut in November following the nation’s biggest-ever initial offering after a key brokerage house further cut its price on the payments stock. The stock, which opened Monday at ₹1,226, dropped 5.3% at 1.55 pm India standard time. Paytm, which has been struggling to […]

Record number of unicorns and IPOs: Indian startups raised $39B in 2021

In late March last year, as the virus started to spread across India, investors began to worry about the impact a potential pandemic could have on their portfolio firms. They exchanged notes, and on April 1, penned a joint open letter to the local startup ecosystem, advising firms to “prepare for the worst.” In the […]

TechCrunch+ roundup: Why your title matters, part-time CFOs, Sequoia’s new model

Startup culture is informal, which is why some workers end up with job titles like “customer delight manager” or “product whisperer.” That might work inside mature companies, but early-stage founders who are presenting themselves to investors must be more specific. In an interview with Natasha Mascarenhas, B2B stealth startup founder Akshaya Dinesh recounted the time […]

What happened to Paytm’s IPO valuation?

If you weren’t paying close attention, you might have expected a different result from Paytm’s IPO. After all, the company is incredibly well-funded by investors that you know by name, and the Indian fintech giant has sufficiently scaled into a global brand. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ […]

Equity Monday: Paytm’s rocky debut gets rockier

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday week here in the United States. Yes, we here in the good ol’ States will be off the second half of this week. TechCrunch won’t […]

India’s Paytm makes market debut

A decade ago, Vijay Shekhar Sharma flew to Hong Kong to attend an All Things D conference. At the event, he watched Silicon Valley executives Jack Dorsey and Brian Chesky talk about the firms they were building. But the conversation that would change the trajectory of his firm, One97 Communications, was an interview of Alibaba […]

Paytm raises $1.1 billion from anchor investors in India’s blockbuster IPO

Paytm has raised $1.1 billion in India’s largest ever anchor round as part of its initial public offering, which is also shaping to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets. Blackrock, GIC, Canada Pension Plan Investment Board, Birla MF are among […]