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UBS forecasts Paytm's EBITDA breakeven in FY25, initiates coverage with 'buy' call

Paytm s continued monetisation, improved profitability dynamics and discounted valuations as compared to global and Indian peers makes UBS bullish over the online payments aggregator. ....

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Nykaa parent FSN E-commerce rises 3.5% on positive Q3 business update

For the December quarter, Nykaa expects consolidated NSV to grow in the mid-20s and revenue in the low 20s from the year-ago period ....

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new age tech: How do mutual funds invest in IPOs of new age tech companies? Nirav Karkera explains

“Mutual funds as an industry and most fund managers have been able to do a pretty good job at evaluating the strength and the value proposition that most such new age companies are offering. When the first new age company came in, we were very averse to even looking at such loss-making companies coming in but there is a reason why each of these companies have the value that they enjoy today.” \ ....

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Zomato: Structurally over the next 3-5 years, new age tech companies a good theme: Pratik Gupta

“We are seeing a little bit of froth being taken out. But I would just like to point out once again, that this is really being led by strong domestic flows and that should continue. Typically, what we have seen in the past is that, ahead of national elections, there tends to be a bit of a slowdown in the IPO cycle. So, one should expect a little bit of a slowdown in the next six months.” ....

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