So now that the dust has settled on the three big ‘digital’ IPOs, the verdict is clear: Zomato and Nykaa were relative failures while Paytm was a resounding success. Surprised by what I’m saying? No, it’s quite obvious. What was the purpose of these IPOs? To bring some money into businesses as well as a lot of money in the pockets of founders and funders. Who best accomplished that goal? Obviously, Paytm. zomato and
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