Paytm is available across the country with Paytm karo (use Paytm) evolving into a verb for hundreds of millions of Indian consumers, shopkeepers, merchants and small businesses. The company has been able to leverage its core payments platform to build an ecosystem with innovative offerings in commerce and cloud, and financial services. While we have been investors in Paytm for over 14 years, we believe that the best is yet to come,” says the Elevation Capital managing partner. Along this path, we have invested in multiple rounds of the company and are thrilled to see it become the dominant digital payment and financial services platform in India. His ability to motivate an entire organisation is unparalleled and that has allowed the company to keep finding new business verticals to build leadership in. "His passion was and continues to be contagious to anyone that meets him. In the early stages of a company, the founder passion and drive is what really matters to us,” says Adusumalli. "When we first invested in Paytm in 2007, we were most excited about the idea of partnering with Vijay. Ravi Adusumalli, founder and managing partner of Elevation Capital that invested in Paytm, is all praise for Sharma's passion. As of March 2021, Paytm is the largest internet-focused advisory firm in emerging markets. Starting with bill payments and mobile top-ups as the first use cases, and Paytm Wallet as the first Paytm payment instrument, the company has built the largest payments platform in India based on the number of consumers, number of merchants, number of transactions and revenue. Paytm was launched in 2009, as a ‘mobile-first’ digital payments platform to enable cashless payments for Indians, giving them the power to make payments from their mobile phones. On finishing his bachelor’s degree in electronics and communications from the Delhi College of Engineering, Sharma, started with One97 Communications in 2001.
Sharma’s and Paytm’s growth story beat any Bollywood movie script by leaps and bounds. The brand stands for Trust, Convenience and Transparency, an analyst says. Justifiable, looking at Paytm’s growth with the speed of the Internet! “Access to technology and financial services can give power to citizens to improve their lives, help merchants grow their businesses, and impact our communities in positive ways,” the company says as it offers its consumers and merchants, technology-led, easy-to-use digital products and services as well as easy and inclusive access to financial services.Īs per the Kantar BrandZ India 2020 report, the Paytm brand is India's most valuable payments brand, valued at $6.3 billion. “Our mission is to bring half-a-billion Indians into the mainstream economy,” says Paytm. We are happy to have Paytm and Vijay Shekhar Sharma, who has put his faith in this mission and is a true leader of the Indian entrepreneurial ecosystem.” Its two-sided – consumer and merchant – ecosystem enables commerce, and provides access to financial services, by leveraging technology to improve the lives of consumers and help merchants grow their businesses.Ībhishek Singh, President and CEO, Digital India Mission says: “Over the last six years, the Digital India mission has grown by leaps and bounds to put India on the global innovation map.
Today, Paytm offers a thousand plus services – payment, commerce and cloud services, and financial services to 333 million consumers and over 21 million merchants registered with it. 43 years, started as a mobile recharge outfit – Pay Through Mobile or PayTM – has over the past two decades emerged as the largest payments option across the board – from just mobile top-ups to utility bill payments, payments bank, money transfers, IPO subscriptions to FASTag recharge. He proved Dhirubhai Ambani right: Think big, think fast, think ahead ideas are no one’s monopoly. Pursuing his dream, the hard way, Sharma has built the digital financial behemoth Paytm that has now become a generic name for online transactions – Paytm Karo (Make payment via Paytm).
His teacher father refused to make an extra buck through private tuitions. But he hit the speed breakers as he was not fluent in English nor did his humble parents have the money to send him to the US for studies.
Executive Editor, Business Indiaįresh from high school at Aligarh, young Vijay Shekhar Sharma had a dream – to go to Stanford where Yahoo was born.