Retail Chronicles_13

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BIOPIC – VIJAY SHEKHAR SHARMA By: Aditi Barde “Hustler” – the one word that aptly describes the startup maestro Vijay Shekhar Sharma. Vijay surprisingly completed his engineering at the age when he was only 19.Also a self-taught programmer, a child prodigy, an entrepreneur in college, and now the founder of one of India’s most renowned and valuable fintech startup.He has been hustling his way to success through all the thicks and thins of his life. Being a son of a school teacher froma small city North India, Vijay Shekhar Sharma founded fast-rising mobile wallet Paytm in 2010. In 1997 during his collge days, he started the website indiasite.net and sold it two years later for $1 Mn. He started One97 (Paytm’s parent company) with a loan of $12,525 (INR 8 lakhs) and when the repayment became tough, he did not shy away from taking up all orts of jobs to make ends meet like setting up LAN connections, delivering guest lectures and so on to make ends meet. From there to reaching 230 Mn customers on Paytm to launching Paytm Payments Bank to making his debut on the Forbes Billionaire list with a net worth of $1.3 Bn as well as on the 6th “Hurun India Rich List 2017” to buying a $12.72 Mn (INR 82 Cr) worth 6,000 ft. residential propertyin Lutyen’s Delhi, Vijay Shekhar Sharma has come a long way. 07
08 So while this year has been the year of fintech for the Indian startup ecosystem, it was the year of Paytm. But more than all these accolades, was the $1.4 Bn funding from SoftBank Group, the Japanese Internet and telecom major, which is a big endorsement for the fintech startup. Being one of the biggest bets of Softbank in India Paytm has received just the right kind of fuel to fire its course further. Vijay within his team is known as the Resident DJ of Paytm. One more interesting fact about Mr. Sharma is that he is the only Indian along with our Prime Minister PM Modi who made it to the TIME Magazine’s 100 Most Influential People list in 2017.Sharma was also named as UN Environment Program patron for Clean Air. His greatest inspiration is Sachin Bansal because he is the reason this country has this bright vibrant startup ecosystem. Bhavesh Agarwal is his second inspiration as he is the truest alpha.. One of the biggest beneficiaries of India's demonetisation, Paytm has notched up 250 million registered users and 7 million transactions daily. There happened a sale of Paytm's shares to Japan's SoftBank in May 2017 where it valued the company, in which Sharma owns 18%, at $7 billion.Sharma has also created Paytm Mall, an e-commerce business and the Paytm Payments Bank. Last but not the least Vijay Shekhar Sharma, the hustler, the hard worker, who embodies the mantra no fear, no greed, no entitlement, is busy building a $100 Bn worth Paytm ecosystem.
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