Paytm’s proposed IPO marks the coming of age for Indian startups
At 11 years, Paytm is on par with other global startups in terms of years taken to go public and provide an exit to its investors
As and when it happens, the $3 billion IPO by One97 Communications, the parent firm of Paytm, will mark the coming of age of India’s millennial-era startups. If successful, it could have the same long term impact that the June 1993 Infosys IPO had in thrusting the potential of the Indian IT services industry into the public consciousness. That one IPO opened the floodgates for small shareholders to participate in the ensuing IT success story.