New Delhi: Paytm founder Vijay Shekhar Sharma turned into tears on Thursday at Bombay Stock Exchange (BSE) while addressing people on the firm’s market debut, after progressing in the nation’s biggest Initial Public Offering (IPO).
Sharma was seen wiping tears while addressing people in the hall of BSE.
The engineering graduate, Sharma founded Paytm as a platform to recharge mobile phones in 2010.
The company grew quickly after Uber listed Paytm as a quicker way to pay the ride’s bill and its use boomed further in November 2016, when the government demonetized the currency for high-value notes, boosting digital payment methods.
Sharma, a school teacher’s son turned into a billionaire with a net worth of $2.4 billion (Forbes data). Its latest IPO has also been a great success story by minting hundreds of new millionaires in India.