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Startup Digest: Paytm plunges in market debut, Zomato a good investor in us: Grofers CEO, Google’s new initiatives for India & Alibaba profit falls 81%
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cnbctv18.comHere are the top headlines from the startup universe.Paytm plunges in market debut; VSS says share price not a true reflection of Co's scaleEven as shares of One97 Communications continued to trade sharply lower after a weak market debut, Paytm Founder Vijay Shekhar Sharma said that today's stock price is not a true reflection of the company's opportunity and scale."Today’s share price or any day's share price will actually never be a true reflection of our opportunity and our scale.
It is simply an opinion of few buyers and sellers of that day," Sharma said in an interview with CNBC-TV18.The CEO said that while people know about the Paytm 'product', they may not necessarily understand the company's business model."People will take time to
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