DiscoverASYMMETRICHow Did Paytm Hit Profitability & Bluestone IPO: Riding the OmniChannel Retail Wave
How Did Paytm Hit Profitability & Bluestone IPO: Riding the OmniChannel Retail Wave

How Did Paytm Hit Profitability & Bluestone IPO: Riding the OmniChannel Retail Wave

Update: 2025-08-15
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The ASYMMETRIC Crew today:

Revant Bhate: CEO, Mosaic Wellness

Chirag Taneja: Founder, GoKwik

Darshit Vora: GP, Sparrow Capital

Chapters

00:00 Coming Up

01:10 Intro & Welcome, Darshit

02:28 Paytm Financials (Q1 FY 2026)

07:14 Soundbox Scale & CAC Payback

09:20 Pine Labs vs Soundbox: Subscription vs MDR Economics

13:27 How Fintechs Can Scale Without Risk

21:21 Retention Is Key Going Forward

25:26 Why CRED Lending Works So Well

28:29 Paytm vs PhonePe vs Google Pay vs BharatPe

34:17 Bluestone IPO Journey

39:01 Omnichannel Works in Jewelry

42:30 Gold vs Diamond Jewelry: Market & Gross Margin

47:47 Lab-Grown Diamonds & Consumer Psyche

54:11 Bluestone Unit Economics: Store Throughput, SSSG

57:56 July MF Inflows & Risk-On Tilt

Paytm analysis:

https://gamma.app/docs/Paytm-Analysis-Asymmetric-e4rigwq2uzkpnzg?mode=present#card-h0s04ivkgcb0hgc

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How Did Paytm Hit Profitability & Bluestone IPO: Riding the OmniChannel Retail Wave

How Did Paytm Hit Profitability & Bluestone IPO: Riding the OmniChannel Retail Wave