Indian Fintech's Second IPO Wave Is Here — and This Time Profits Actually Exist

Almost five years after Paytm became one of the first Indian fintechs to list publicly, a new wave of fintech IPOs is building — but with a key difference: these companies are profitable. The article traces how the landscape has shifted since Paytm's turbulent debut. Profitability, not just growth, is now the entry ticket to public markets.