Paytm e-commerce CEO Vijay Shekhar Sharma, former student of DCE(Delhi College of Engineering), resident of Aligarh, Uttar pradesh, CEO and founder of One97 Communications and Paytm, the fourth largest in terms of package volume after Flipkart, Amazon and shopclues has made to the list of 100 most influential people in the world, 2017, in Times Magazine. While in college as a student, he sold out indiasite.net for $1 million, two years after its launch. The extremely talented Vijay Shekhar Sharma, a successful entrepreneur CEO is the second person featured in Time Magazine apart from our honourable Prime Minister Narendra Singh Modi. The Magazine’s list generally features artists, leaders, titans and icons from all over the world annually. Under titan category Sharma is listed, who is joining Amazon soon with the founder Jeff Bezos. The list which earlier listed famous personalities from all over the world like - Bill Gates, Steve Jobs, Lary Page,and Mark Zuckerberg is now having the names of eminent Indian figures, who have set up a new benchmark for the Indian Economy and Politics. According to recent news, Paytm has also partnered with Genesis Luxury, a luxury brand distributor in India, who is responsible for distributing global luxury and premium brands across the country.
On a side where Modi has not failed to amaze people with his plans for black money demonetization, Vijay Shekhar Sharma has not failed either to grab this opportunity to boost the number of paytm users by inviting them to exchange money for purchase of goods through paytm wallet. The masterstroke by Mr. Vijay during demonetisation succeeded in giving paytm 177 million users and introduced him to the Forbes magazine with 1567th rank listed as the India’s youngest billionaire with net value worth $1.3 billion. The talks of Japanese Internet Conglomerate and investor Soft Bank have been overheard for investing $1.2- $1.3 billion in Paytm, which might result into its evaluation from $7 to $9 billion. The market leader has another domain of success, movie ticketing following him by a gross value of $4 billion giving a tough competition to BookMyShow. After good results of Bahubali in Indian Cinema, Paytm here is set with its another strategy by introducing pre booking of Bahubali-2 Movie. The expansion of mobile recharge company to e-wallet and then to movie ticket booking has not been easier for this business giant, who now has eye on his upcoming food wallet to issue tax-free benefits for corporate employees such as vouchers and coupons. The new business line will soon be competing with the existing Sodexo and Ticket Restaurant, who are well known for issue of physical coupon service. With this corporate employers can directly top-up credit of their employees on daily-basis, monthly-basis or on annual basis. According to the latest news in Deccan Herald, April, 2017 Paytm also plans to join Decacorn club in India after completion of funding from SoftBank worth $1.5 billion. Decacorn is a company that achieves $10 billion valuation and after funding by Softbank, Paytm is soon going to be one of them. SoftBank will be investing in Paytm by buying shares from existing investor partner SAIF and Sharma that will make Soft Bank as the largest share holder in Paytm, said the co-founder and CEO of growth -enabler, Rajeev Banduni. The e-commmerce leader and king Paytm has kept all its efforts to emerge from the odds and its wallet rivals freecharge and Mobikwik stand a less chance to compete in the market with the evident expansion plan of Paytm in every sector. The strategy to raise billion dollars funding by this small town guy, yet CEO of Forbes listed Magazine entrepreneur Vijay Shekhar Sharma has set another inspiring story for management students after Ratan Tata and Ambani's, who all have contributed a lot as the initial business to Indian Economy in earlier in century and, now its Tata, Reliance and Paytm of Sharma to allure Japanese, Chinese and US-based investors to India. The another son of India making India shine bright in the lime light.
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