India’s most-valued unicorn has spread itself too thin ...Middle East

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India’s most-valued unicorn has spread itself too thin
On Feb. 19, India’s most valued tech startup expanded its stockbroking services to include futures and options (F&O) trading. With this new feature, the 10-year-old fintech firm set itself up to compete with the more established tech-savvy brokers such as Zerodha and Upstox as well as legacy trading platforms such as Sharekhan and Angel Broking. The move also put Softbank-backed Paytm in direct competition with broking arms of large Indian banks such as HDFC Securities and ICICI Securities.Paytm’s unique selling proposition, which it probably hopes will help it win despite the intense competition, is that it’s offering the “lowest brokerage.” The company charges investors just Rs10 ($0.13) f

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