Equity Monday: Paytm's rocky debut gets rockier

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Happy Monday everyone, and welcome to a holiday week here in the United States. Yes, we here in the good ol' States will be off the second half of this week. TechCrunch won't grind to a halt, but we will certainly slow down a little bit. But that doesn't mean that we didn't have a lot to talk about this morning:

• Shares of Indian fintech giant Paytm fell further today, after a very disappointing first-day's trading last Thursday. The company now has a lot of ground to make up just to get back to zero.

• Facebook is delaying the rollout of E2E encryption until 2023, which has us a bit bummed.

• Also in big tech news, ByteDance is calling it quits on edtech in India.

• Turning the page to startups, we chatted through three news items this morning: Jina.ai raised $30 million, Deliverr raised $250 million and Lydia added equity and crypto trading to its French financial superapp.

• And we closed on just what the point of a DAO is.

Woo! We are back Wednesday morning. Chat soon!

Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.