Forbes India profiled India’s new potential $1 billion ecommerce giants, including Vijay Shekhar Sharma

Forbes votes our very own Vijay Shekhar Sharma among the TOP 10 sharply focussed entrepreneurs in India’s eCommerce industry

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Image: Amit Verma

Paytm
Funds raised $575 million (committed)
What does it do: Paytm is a unique web-cum-mobile platform. It has taken a big leap towards mobile commerce, trying to cash in on the wide mobile handset penetration, and is today India’s largest mobile commerce company. It started by offering mobile recharge and utility bill payments, and now offers a full marketplace to consumers on its mobile apps. It has over 20 million registered users and has in a short span of time scaled to more than 15 million orders per month.

Its USP: It is a mobile marketplace in the making—one that can compete with ecommerce sites such as Flipkart, Amazon and Snapdeal. It has got commitments from deep-pocketed investors, including Alibaba (China’s ecommerce giant) and SAIF Partners, among others. The funds will be used to expand Paytm services with a view to dominating the online payment business that is expected to grow rapidly in the next few years in India.

How niche Paytm is already a leading firm in the electronic payment space. The long-term goal of Paytm is to be a financial services company for India’s unbanked population (41 percent of the total). The company intends to be the first gateway for paying bills and transferring money.

Why it will survive: A unique, well-accepted model and deep pockets will certainly help Paytm grow into a larger firm. “Payments are natural monopoly… The world has three large credit card companies; there would not be more than two large firms out of India in this space,” says Mukul Gulati, India head, Zephyr Peacock, an India-focussed private equity firm.

Read the story at Forbes.

 

Hiring lessons from Paytm Founder Vijay Shekhar Sharma

“If you have a large team you have to show them the goalpost and then constantly cheer lead them towards it’’ – Vijay Shekhar Sharma, Paytm’s founder.

Read more to know how we’re rewriting the HR manual at Economic Times.

The Modi Moment – It’s raining awards for Paytm

A big moment of pride and joy for Team Paytm was when Vijay Shekhar Sharma received two awards from PM Narendra Modi himself – for Paytm’s cutting edge technology and innovative products & services. Paytm bagged the ‘Most Innovative Company of 2014′ award by Business Standard and was also awarded for its high standards of excellence by Nasscom.

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Paytm – India’s first digital wallet to allow transfer to bank account

Making India go truly digital one transaction at a time! We have introduced a new feature that will let its 25 million customers to transfer money to their bank accounts from their Paytm wallet!

Read the story at TechCrunch.

Ratan Tata picks up stake in Paytm

“I’m happy that someone like him (Tata) has put his faith and trust in our values and mission. There is no better adviser for Paytm,” said Vijay Shekhar Sharma, founder of Paytm. We are extremely proud to welcome Mr. Ratan Tata to the circle of our investors!

Our founder, Vijay Shekhar Sharma with Ratan Tata!

Read the story at Times Of India.

 

Exclusively: Mahindra Two Wheelers available on Paytm only

Another feather in our hat – Now you can buy Mahindra Centuro motorcycles and Mahindra Rodeo UZO range of scooters directly from Paytm marketplace!

Read the story at Economic Times.

 

 

Alibaba enters India’s e-commerce space with 25% stake in Paytm owner One97

When two eCommerce superpowers of the world join hands – Ant Financial Services Group which is an Alibaba Affiliate, has acquired a 25% stake in Indian mobile commerce platform Paytm owner One97 Communications.


Read the story at Economic Times.

 

Read the story at TechCrunch.

 

Paytm strengthens ‘Make in India’ & expands reach to MSMEs

Paytm expands reach to local artisans of Gujarat – We’re proud to be associated with Gujarat State Handloom and Handicrafts Development Corporation (GSHHDC) and are establishing the brand store “Garvi Gurjari” for local artisans to sell their products across India.

The story at Business Standard.

Digital Empowerment Foundation (DEF) has tied up with Paytm to accelerate the growth of self help groups and micro-enterprises in industries like textile, weaving and handicrafts.

“Together with Paytm, DEF plans to bring forth this opportunity to more than 2000 clusters digital opportunity and livelihood on their doorsteps’’ said Osama Manzar, spokesperson of DEF.

The story at Hindustan Times.

 

Vijay Shekahr Sharma on building finance infrastructure for SMEs

‘’Government’s attention has correctly moved towards building finance infrastructure for micro, small and medium enterprises (MSME). Creation of MUDRA Bank with ₹20,000 crore is a step that was long due’’ Read Vijay Shekhar Sharma’s his opinion on what SMEs in India need right now at The Hindu BusinessLine.

 

 

Scaling up! Paytm plans to add over 1 lakh sellers & 4500 employees by 2015

Go big or go home – we’re planning to add over 1 lakh sellers and hire 4500 in this year! In expanding our seller base, Paytm is also looking to include SMEs such as Dharavi Market.

Read the story at Times Of India.