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HomeSuccess StoriesStory of Vijay Shekhar Sharma Founder of Paytm 2023

Story of Vijay Shekhar Sharma Founder of Paytm 2023

Success Story of Vijay Shekhar Sharma 

Today we talk about the Success Story of Vijay Shekhar Sharma: Payments and payment systems have changed drastically. With the evolution of the Internet, the thought to do monitory transactions electronically also evolved. And gradually, what we have now around us are electronic mediums. We can do what not, payments of all kinds, online bookings, buying things, transferring money to others, and many other significant activities.

And India’s most preferred platform for doing all the essential online activities is Paytm. Yes, we all are familiar with this India’s e-commerce platform. This giant was built by Vijay Shekhar Sharma, the visionary entrepreneur. He is one of the renowned and respected personalities in his field. His contributions are huge and have certainly made India ahead digitally.

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Early Life

Vijay was from Aligarh; he was born on the 18th of July 1978. Residing in a small town boy and his father being a school teacher, he lacked the necessities to live lavishly at his tender age. He hardly learned to write and read English. Time was hard for his family to afford him to study in big schools.

Study Life

He was a meticulous student, though, completed his secondary education at the age of 14. He used to borrow books from his seniors and friends to study. To get a good grip over English, he used to buy second-hand tech magazines. But due to his circumstances with English, his grades started falling. The Delhi College of Engineering could not gift him good memories but with difficult English lectures beyond his expertise.

His Dreams And Success Story of Vijay Shekhar Sharma

He was overwhelmed with Silicon Valley and its innovative contributions worldwide. He dreamed of doing something innovative, too, which would change the way the world is seen.

He even wished to go to Stanford, where Yahoo took birth but his circumstances here hard on him. He worked hard though went to libraries and studied different books. He started learning computer coding all by himself.

All his mates were busy placing themselves into MNCs, but he came up with a company of his, XS communication, a content management system. Which is now used worldwide by many publications like “The Indian Express.”  He was also the Tech head of India Today Group online for one year.

The Birth Of Paytm

In the year 2000, Vijay started One97, which is the parent company of Paytm. It dealt more with advertisements and commerce. The online transactions thingy was yet to come. With years passing, India’s telecommunication was also shaping vividly, and Vijay’s thought of online payment popped up. But his investors were skeptical, though.

But with belief and 2 Million dollars from his pocket, he launched Paytm, and now the rest is history. Paytm became India’s only place for doing what not things they wished to do. The trust got gained speedily; the company grew its customer base very efficiently.

The Success

The ideas were places correctly by Vijay, and he read the customer needs and requirements very well.  The customer service and the virtual wallet facility were a serious attraction for the customers out there. And sooner Paytm started receiving investments, from Sapphire Ventures One97 received about 10 million dollars investment.

The China giant Alibaba group, the Ant Financial Services Group, and Ratan Tata backed Paytm very profitable. Paytm has raised lots of funding till now and got invested in huge ventures. Currently, Paytm is available in 11 Indian vernacular languages.

It has installed many other facilities like Paytm mart, various online booking facilities, bill payments of all types, travel bookings, etc. With the QR code facility, Paytm can be accessed anywhere at any time. From small shops to big restaurants and hotels,  Paytm has made online transactions a straightforward task to do.

With the grants from Reserve Bank, it also opened its first Payments bank. Currently, there are more than 350 million users of Paytm, and its increasing day by day. Vijay now dreams of making India cashless and function digitally.

From the tale of Paytm and Vijay Shekhar Sharma’s life story, it is evident that being consistent and never giving up is the best option we can choose to succeed in life.

No matter what adversities come in and what hardships you face, the only thing you should keep in mind is that you are about to build a future that would gift you the elixir to treat all your pain and agony. Vijay’s life has taught us a lot; now it’s our time to do something miraculous like him.

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