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India’s Paytm aims to break-even for profitability in 1.5 years -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Paytm is shown on a smartphone as seen in the illustration, taken July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

BENGALURU, (Reuters) – Paytm, an Indian digital payments company said Wednesday that it would be able achieve a breakeven point for a critical metric of profitability within one-and-a half years.

Our business momentum and scale in monetization are encouraging. Vijay Shekhar Sharma founder stated, “We expect this trend to continue and believe that operating earnings before interest tax, depreciation and amortization (EBITDA), should be breakeven in six quarters.”

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