Paytm: proof of the coming-of-age of India's startup ecosystem

Vijay Shekhar Sharma at Paytm is full of optimism about the future of his payments and financial cross-selling platform as it has rolled out its public listing. Its IPO—the biggest in the country so far—after Coal India's issue back in 2010, where the company raised ₹15,200 crore—opened on November 8.

Though the company has made net losses in each quarter since its inception in 2010, the brand has grown and become synonymous with online payments. Its strong branding is probably its main fillip for its initial public offering—where the company is hoping to raise ₹8,300 crore, and has made an offer for sale (OFS) of ₹10,000 crore by existing shareholders.