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Paytm well capitalised for at least next two years: CEO

Paytm is set to launch a new plan to engage with more startups, especially those in the digital payments and financial services space.

April 29, 2016 / 08:54 IST
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At a time when some of India’s top unicorns are looking at a 'down-round', mobile wallet and e-com major Paytm claims to be refusing investor money. Paytm CEO Vijay Shekhar Sharma says his company is well capitalised for at least the next two years.In a free wheeling chat with CNBC-TV18's Adith Charlie, Sharma throws light on Paytm's strategy for 2016-17 and discusses startups that he would like to work with.Funding winter, down-round – are words that have started being used in India’s startup landscape to describe the slowdown in investor capital. But Sharma is not perturbed. Speaking at the Techcircle Startup 2016 Conference in Bengaluru, Sharma claims to have recently refused four funding offers.In the next 12 months, Sharma is betting heavily on ramping up Paytm's play in offline transactions and online-to-offline commerce (O2O).While Paytm continues chasing ambitious targets, its legal team was called into action recently for a tussle with Unicommerce, a SAAS based-order management and inventory platform owned by rival Snapdeal. Paytm is set to launch a new plan to engage with more startups, especially those in the digital payments and financial services space.

first published: Apr 28, 2016 10:11 pm

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