Home NEWS India Today E-Conclave | Not afraid of competition, Paytm founder on Facebook-Reliance...

India Today E-Conclave | Not afraid of competition, Paytm founder on Facebook-Reliance deal for JioMarts

Advertisement





In an unique dialog with India Today as half of the E-Conclave Brainstorm Series, Paytm founder Vijay Shekhar Sharma stated that he was not afraid of huge gamers because the trade was not a zero-sum sport.

Not afraid of competitors, Paytm founder on Facebook-Reliance deal for JioMarts (File photograph)

HIGHLIGHTS

  • Paytm boss has stated that he’s not nervous with the Facebook-Reliance deal
  • Vijay Shekhar Sharma stated that further gamers out there expands it
  • He stated the trade was not a zero sum sport thus one winner can’t take all of it

The founder of India’s second-largest start-up Paytm has stated that he’s not threatened by the huge deal struck by two giants – Facebook and Reliance – to launch JioMart – a cellular market platform on WhatsApp.

Instead, Vijay Shekhar Sharma says, extra gamers out there the merrier.

In an unique dialog with India Today as half of the E-Conclave Brainstorm Series, Paytm founder Vijay Shekhar Sharma stated that he was not afraid of huge gamers because the trade was not a zero-sum sport.

“It’s not a zero-sum game. When Facebook took off in the world, Google did not lose its profit and network, in fact, people more and more came online. As more players come in the market, the customers become savvier with the platform,” Vijay Shekhar Sharma stated.

Advertisement




Advertisement




Vijay Shekhar stated there can’t be a ‘winner takes all of it’ scenario on this nation. “We have always said that we have the ambition of half a billion customers in India. If any company comes and says they have set an ambition for 600 million they are going to be bigger than us. But we are very clear that we would like to be the platform of preference for the half a billion customers,” he stated.

“Besides,” he stated, “we have moved ahead from the business quadrant of from being a payment portal to financial services, our banks, lending, insurance and wealth solutions have started making money.”

The Paytm founder additionally stated that with the present developments, he hopes that the corporate will hit the break-even level a lot earlier than than earlier anticipated as the online loss per 30 days has change into low.

While a number of trade honchos have predicted that the virus outbreak will deflate the expansion story of the startups like Paytm, Vijay Shekhar Sharma stated that the opinion hardly ever mattered to him, “Instead, I focus on doing right by my investors and stakeholders.”

Get real-time alerts and all of the information on your cellphone with the all-new India Today app. Download from

  • Andriod App
  • IOS App

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

On the eve of 74th independence day, President Kovind addresses nation

New Delhi: President Ram Nath Kovind addresses the nation on the eve...

PM Modi has longest tenure as head of elected government among all PMs

New Delhi: Prime Minister Narendra Modi has not solely change into the...

US to resume student visa processing in five metros from Aug 17

NEW DELHI: The US will from subsequent Monday (August 17) resume processing college students visas in Delhi, Mumbai, Chennai, Hyderabad and Kolkata as...

WPI inflation falls 0.58% in July, food prices spike

NEW DELHI: The wholesale price-based inflation declined 0.58 per cent in July, at the same time as food objects turned costlier. WPI inflation...

Recent Comments