Vijay Shekhar Sharma, CEO, Paytm Photo Credit: Shah Junaid/VCCircle
TMT

Paytm founder on Time magazine’s ‘most influential’ list

21 April, 2017

Paytm founder and CEO Vijay Shekhar Sharma has made it to the list of ‘the 100 most influential people in the world’ of 2017, released by the Time magazine on Thursday.

The 43-year-old chief executive of the Indian mobile payments and commerce firm is the only other Indian, apart from Prime Minister Narendra Modi, to feature in the coveted list.

The Time magazine’s annual listing features pioneers, artists, titans, leaders and icons from around the world. Sharma was listed under the Titan category, joining Amazon founder Jeff Bezos.

The list had earlier featured Marc Zuckerburg, Bill Gates, Steve Jobs, Larry Page and Tim Cook, among others.

Sharma’s profile, written by Infosys founder Nandan Nilekani, says: “In November, when the Indian government unexpectedly scrapped 86% of the country’s currency notes, Vijay Shekhar Sharma seized the moment. As Indians scrambled to exchange the banned notes for new currency, Paytm, Sharma’s digital payments startup, went on a promotional spree. With a flurry of ads, Sharma invited Indians to start using Paytm’s digital wallet to pay for everyday goods and services.”

Nilekani went on to add that the initiative worked and by the end of 2016, Paytm had 177 million users, compared with 122 million at the beginning of the year. “Vijay had catapulted himself into a nation’s consciousness. It was a masterstroke by a small-town boy who studied in a Hindi medium school before conquering the country’s Anglophone startup world.”

Last month, Sharma was ranked India’s youngest billionaire by the Forbes magazine. His net worth is $1.3 billion

Paytm’s post-money valuation stood at $4.8 billion when it had last raised money in 2016, according to VCCircle estimates.

Earlier this week, The Economic Times had reported that, Japanese Internet conglomerate and investor SoftBank Group Corp was in talks to invest $1.2-1.5 billion in Paytm.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Paytm’s Vijay Shekhar Sharma adds another feather to his cap

Paytm’s Vijay Shekhar Sharma adds another feather to his cap

TEAM VCC 1 week ago
Paytm founder and CEO Vijay Shekhar Sharma has made it to the list of ‘the 100 most influential people in the world’ of 2017, released...
Paytm raises fresh funding from Alibaba, Ant Financial

Paytm raises fresh funding from Alibaba, Ant Financial

Anuradha Verma 2 years ago
Vijay Shekhar Sharma, founder & CEO of One97 /Paytm One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has raised an undisclosed amount...
“We will start India’s first payments bank”: Paytm founder

“We will start India’s first payments bank”: Paytm founder

VCC Staff 2 years ago
Patym founder Vijay Shekhar Sharma wants to be the first player to launch a payments bank in the country. He was one of the two...
No Comments

Paytm founder on Time magazine’s ‘most influential’ list

Powered by WordPress.com VIP