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Journey Of Paytm Founder Vijay Shekhar Sharma Will Give You Entrepreneurship Goals

| Published on November 13, 2018

Vijay Shekhar’s name has been in news for quite some time now, and because of different reasons. He has been striving hard to take his company to newer heights and that’s what keeps in him in the news. But more recently he was in news for a police complaint that he filed against 3 of his employees who were blackmailing him for some important data. But here, let us take a look at some interesting facets of Vijay’s journey from a Delhi College of Engineering Student to CEO of Paytm

Vijay hailed from a small town of Aligarh in UP and his early years of education were in a Hindi Medium School

Vijay joined the Delhi College of Engineering at the mere age of 15 years.

He started a company called One 97 in the year 2007.

Also Read: Inshorts: The Journey Which Started With A Facebook Page And Now Worth Rs 600 Crores

Shekhar put in all his savings into the company, but the dotcom burst made it difficult for his company to survive.

He had no growth until Jack Ma led Alibaba pumped in investment in his company Paytm.

He also had a rare deal from Warren Buffett’s Berkshire Hathaway, who typically avoids Internet firms.

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One 97 received its license to start India’s first payment bank in the year 2015 from the Reserve Bank of India.

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Demonetization helped kick the business for Paytm by a whopping 700%.

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Vijay Shekhar Sharma considers Alibaba’s Jack Ma and SoftBank’s Masayoshi Son as his biggest inspirations.

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As of January 2017, the company had 13,000 employees and more than 3 million offline merchants in India.

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Vijay Sharma ranked at number 18 on the India Today Magazine’s “India’s 50 Most powerful people of 2017” list.

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Vijay Shekhar Sharma, the founder of Paytm today enjoys the position of CEO in the country’s most successful payment gateways.

Paytm has notched up 250 million registered users and 7 million transactions per day.

Vijay Shekhar Sharma owns 16% of Paytm, which is now valued at $9.4 billion.

Sharma has also created Paytm Mall, an e-commerce business and the Paytm Payments Bank.

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