Loss making, but IPO bound! When can Paytm deliver profit?

It is very likely that the Berkshire Hathaway-backed company will be a loss-making entity when the subscription window for the IPO opens for the public. In 2019-20, the payment services company reported a net loss of Rs 2,942 crore and burned cash from operations worth Rs 2,385.3 crore.

from Markets-Economic Times https://ift.tt/2SCevPK