Paytm to consider IPO after generating cash, likely post 2021: Vijay Shekhar Sharma

NEW DELHI : Paytm will consider listing on the stock exchanges only after 2021, when the financial services and e-commerce firm is expected to start generating cash, founder Vijay Shekhar Sharma said on Monday.

“The plan was always to start thinking of an IPO 2022 onwards. I have always wanted to go for an IPO (initial public offering) after the company starts generating cash,” Sharma said on the sidelines of the India Mobile Congress today.

Paytm’s losses for 2018-19 (Apr-Mar) nearly tripled to ₹4,217.20 crore from ₹1,604.34 crore in the year-ago period, according to the Noida-based firm’s annual report, Mint reported last month.