Watch Paytm’s Vijay Shekhar Sharma take on some prickly questions

DealStreetAsia's Joji Philip and PayTM's Vijay Shekhar Sharma

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:

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.