
The movers and shakers of 2020
2020 was the year of disruption. But it also underlined the resilience of Indian enterprise. The January 2021 issue, therefore, chronicles some of the past year’s game-changing corporate events.
2020 was the year of disruption. But it also underlined the resilience of Indian enterprise. The January 2021 issue, therefore, chronicles some of the past year’s game-changing corporate events.
Vijay Shekhar Sharma, the Paytm founder and CEO, says that foreign shareholding and companies are welcome in India, but all must play by the same rules for a thriving developer ecosystem.
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
Vijay Shekhar Sharma had predicted that the company’s losses would decline by at least 50%.
With the new lockdown guidelines permitting full e-commerce operations after April 20, online retailers are expecting pent-up demand for even non-essential products.
The payments bank aims to issue 10 million new cards by the end of the next financial year.
Founder and CEO Vijay Shekhar Sharma says Paytm’s technologies are not just for emerging markets, but for developed markets, too. However, India remains the focus.
Paytm Mall, recovering from the cashback-cash burn syndrome, is hoping its hyperlocal plan will help it carve a niche in India’s e-commerce market.
The private lender’s shares gained 13.5% on Wednesday.
Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.