Fintech’s Second IPO Wave: This Time, It’s About Profits

Almost five years ago, Paytm became one of the first Indian startups, and among the first fintech companies, to make its stock market debut. While the IPO received a muted response, it marked a defining moment for India’s startup ecosystem, signalling the beginning of the sector’s journey into the public markets. Around the same time, PB Fintech, the parent company of Policybazaar, also went public.