Considering cash on the book I think paytm is here to stay.
In most segments it might not be no-1 but comes to close 2nd or third.
(-disc I use it as an all in one app → from stock investing to booking irctc tickets, hotels etc.)
In a country like India network effect plays for more than one player.
I always thought that paytm bank business is somewhat hampering it to reach larger audience – reason for lagging behind in UPI.
It has a vertical integration in gateway.
I see it as a holding company with many underlying businesses.
If everything is great why would market give you any opportunity.
This is my thought process.
Disc – caught the falling knife. Let’s see what will happen.
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