Indian digital payments firm Paytm aims to become 'free cashflow positive in the near future,' chief executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday.
A smartphone with the Paytm logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustrationaims to become "free cashflow positive in the near future," chief executive Vijay Shekhar Sharma said in a letter to shareholders on Sunday.
Positive free cash flow is when a company has sufficient funds to invest back into the business for growth.a 51.5% rise in fourth-quarter revenue on Friday, aided by a surge in loan growth, and posted an operating profit for a second consecutive quarter.
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