Paytm chief sticks to business plan and sees profitability sooner despite IPO debacle – The National

Paytm chief sticks to business plan and sees profitability sooner despite IPO debacle – The National

India's largest digital payments service provider Paytm is not concerned about the disappointing performance of its initial public offering last month and is sticking to its business plan that has scaled up because of the “necessary capital” the company has acquired, its chief executive said.

Paytm will stay the course as the capital it gained will allow it to venture into other financial services starting with banking and credit, Vijay Shekhar Sharma said.

The company, headquartered on the outskirts of New Delhi, is backed by Japan's SoftBank Group and China's Ant Capital.