VerSe valuation sinks; Paytm Q2 profit rises
VerSe Innovation's valuation plummeted nearly 90% to $576 million, attributed to execution challenges and a decline in operating revenue, which fell 40% to ₹1,162 crore. In contrast, Paytm's net profit surged tenfold to ₹225 crore in Q2, driven by a 28% revenue increase to ₹2,648 crore. This financial performance reflects ongoing trends in the digital payments sector.