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Four insights to kick-start your day: PhonePe, Paytm and the market sentiment

Insight across sectors

Synopsis
In today’s Primeshots: Paytm skids, PhonePe shines; Zomato’s bigger bite; Nifty eyes new high; and MDL lacks new orders.

Bear hug for Paytm In the news. Paytm has seen its value erode by 75% since IPO. Meanwhile, PhonePe is looking to raise USD400 million from investors at USD12 billion in valuation. Hidden in plain sight. It is difficult to explain the dissonance between the private and public markets. It helps that PhonePe is the market leader in the country's most popular digital payment method, UPI, with a market share of over 45%. However, PhonePe's revenue