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paytm
Prakhar SharmaTop Contributor
Social media marketer, Content Writer
Asked a question last year

How did paytm built its castle in India?

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Prakhar SharmaTop Contributor
Social media marketer, Content Writer

Paytm, considered to be the Avant-garde of cashback business model in India, has become an undisputed leader in the domain of Mobile payments, E-wallets and E-commerce just to name a few. The inception of the company was done in the year 2010 by a visionary alumnus of Delhi College of Engineering (now DTU) Mr Vijay Shekhar Sharma. The company gained abrupt prominence after the startling decision of demonetization by the honourable Prime Minister Mr Narendra Modi. Paytm became one of the prime sources to run the economy. Taking into consideration the lack of flow of cash, people were lured to use Paytm.

Today the company is valued at $8 billion. In the year 2017, Mr Sharma was honored as the youngest Indian billionaire having an asset of $1.3 billion. Long before the inception of Paytm, he laid the foundation stone of its Parent company One97 communications in the very first year of this millennium. Prior to that, being an alumnus of one of the brightest institute of India, he developed his website Indiasite. net in the year 1997 and later on sold it a valuation of $1 million. Mr Sharma used this money to yield mobile contents like news, cricket scores, jokes and ringtones etc by means of One97 Communications. He sees Mr Jack Ma and Masayoshi as his inspiration who is currently his business partners too.