HomeNewsBharatPe CEO said Paytm disrupted the Indian market to return money to Chinese investors.
BharatPe CEO said Paytm disrupted the Indian market to return money to Chinese investors.
In an interaction with Moneycontrol, Ashneer Grover, whose firm recently got a small finance bank license, said Paytm gave Chinese investors their money back at the cost of the public market.
Ashneer Grover has officially criticized Vijay Shekhar Sharma’s decision to “misprice” the fintech firm’s public offering, adding that a failed listing ends the frenzied cycle of IPOs in India.
It saw the worst performance in recent history by tanking 27 percent to Rs 1,560 from the issue price of Rs 2,150 apiece.
