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View: What Jack Ma's disappearance means to Paytm

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So far, Alibaba was Paytm’s universal provider — tech support, consumer insights, business plans and funds.

Synopsis

With other strategic backers like Softbank fussing over profitability after Vision Fund’s missteps it’s time for Sharma to figure out what Paytm – India’s most valuable fintech company commanding billion $16 billion valuation and counting – wants to be entering its adolescent years.

Their bromance had apparently bloomed after a twenty minute meeting that went on for two hours, culminating in Alibaba and its founder Jack Ma taking a large bite of Vijay Shekhar Sharma’s Paytm in 2015 and becoming its largest shareholder. An ecstatic Sharma proudly proclaimed: ‘Mere paas Ma Hain, Jack Ma.’Nobody expected five years later, border kerfuffles would force Sharma play the nationalism card to publicly play down the influence of

BY

ET Bureau

7 mins read, Last Updated:

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