In a specially-curated “Ask Me Anything” session at DealStreetAsia’s recent Asia PE-VC summit, Paytm founder and CEO Vijay Shekhar Sharma shared his frank views on a host of topics.
The Indian e-commerce and financial technology giant was involved in a much-publicised confrontation with Google lately after the latter briefly took down its app from the Play Store citing policy violations. Google’s move prompted calls for an Indian app store.
Sharma clarified that his problems with Google stem from the tech major’s dominant position in the Indian mobile ecosystem. “The challenge is when a firm stifles innovation and does not let somebody else move forward. So yes, I’m bothered about a firm with 97 per cent market share.”
On the impact of Ant’s stalled dual IPO, Sharma said: “Ant’s IPO and Paytm’s operations are absolutely disconnected.” He added that the company will never fall short of capital thanks to its diverse investor base. “We also have Berkshire, Discovery, T Rowe Price and many other giant US shareholders.”
Watch the full video here: