Everything shared here is just for educational and informational purposes. Please don't take it as a buy/sell call under any circumstances. Please do your own research before taking any investment decision.
Don't go on Paytm's headline numbers. It's not profitable. Profit is on the back of gains made from sale of its entertainment ticketing business to Zomato (~2000 crore).
Without this sale, its loss widened by 70% YoY. Revenue down 34% YoY.
India's largest group of retail distributors, the All India Consumer Products Distributors Federation (AICPDF), has urged the Competition Commission of India (CCI) to investigate three prominent quick commerce companies—Zomato's Blinkit, Swiggy, and Zepto—for alleged predatory pricing practices. According to a report by Reuters citing a letter dated October 18, the AICPDF claims these companies are offering deep discounts and selling products below cost to attract customers, undermining traditional retail operations.