Paytm’s proposed $3b IPO marks the coming of age for Indian startups

As and when it happens, the $3 billion IPO by One97 Communications, the parent firm of Paytm, will mark the coming of age of India’s millennial-era startups. If successful, it could have the same long term impact that the June 1993 Infosys IPO had in thrusting the potential of the Indian IT services industry into the public consciousness. That one IPO opened the floodgates for small shareholders to participate in the ensuing IT success story.