Top News

Paytm CEO says raising funds becoming difficult

  • Paytm founder and
    chief executive Vijay Shekhar Sharma has admitted there might have been a
    valuation bubble, and it was getting difficult to raise funds, the
    Business Standard reported.
  •  
  • “Next round (of
    funding) for everyone is getting tougher. Smart ones raised money in

    • Paytm founder and
      chief executive Vijay Shekhar Sharma has admitted there might have been a
      valuation bubble, and it was getting difficult to raise funds, the
      Business Standard reported.
    •  
    • “Next round (of
      funding) for everyone is getting tougher. Smart ones raised money in
      time,” he said during a Reddit Ask Me Anything forum.
    •  
    • Replying to questions
      on financials, Sharma said Paytm had made profits in the past two weeks but
      didn’t comment on whether or not it would post positive cash flows.
    •  
    • “Profit is not a
      short-term aim, dominance is. So, maybe after next year,” he said. He
      announced the company was bringing in place a rating system for sellers to weed
      out “bad blood”.
    •  
    • Paytm has been trying
      hard to make up ground to bridge the gap between other e-commerce players such
      as Amazon and Flipkart and said it would be adding features such as wish lists
      to give customers a familiar interface, the newspaper reported.
    •  
    • The company could not
      offer bitcoin support as the government of India doesn’t allow the digital
      currency, Sharma said.
    •  
    • Paytm has also
      started banning users for misuse of free codes. “We purged more than five
      million users,” he said.
    •  
    • On net neutrality,
      Sharma said, “Net must be 100 per cent neutral. No side lanes.” 

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close