Tuesday, December 06, 2022
Outlook India
Outlook Business

Vijay Shekhar Sharma

After posting a 76 per cent year-on-year growth in revenue from operations during September 2022, at Rs 1,914 crore, it appears that its founder and CEO, Vijay Shekhar Sharma, finally has profitability in his crosshairs

The Vijay Shekhar Sharma-led fintech firm registered a 224 per cent y-o-y increase in the number of loans distributed

Rajeev Mishra, CEO of Softbank Vision Fund, Rukam Capital and Vijay Shekhar Sharma, founder of Paytm, were some of the investors who participated in this funding round

The loan distribution business of fintech giant Paytm surged to new high as the annual run rate of the company touched Rs 34,000 crore in September

The retail tech start-up will use the funds primarily for R&D to adopt its autonomous retail solutions across 10 million retail points in India and over 400 D2C brands in the F&B sector

While it has opposed the reappointment of Shekhar to the board, the proxy advisory firm has voiced its support for Deora's reelection