What was Indiasite net?

In 1997 during college days, Vijay Shekhar learned computers and started making websites named indiasite.net which was a search engine for a company. In 2001, Vijay Shekhar opened his own company One97 Communications which provided a search facility for people.

Who bought Indiasite net?

Just two years later, US Lotus Interworks bought Indiasite.net for $1 million.

What is the net worth of Vijay Shankar Sharma?

Vijay Shekhar Sharma, Chief Executive Officer of Paytm

According to Forbes, Sharma's wealth stands at $999 million from its peak of $2.35 billion before the IPO listing. One97 Communications Ltd , the parent company of Paytm, listed on November 18, 2021. Since that day, Sharma has been losing around Rs 88 crore daily.

What is Paytm net worth?

Nearly 75% of its valuation has been eroded ever since Paytm made its entry into the public market. It is important to note that Paytm had raised capital at the valuation of $19.9 billion in its initial public offering (IPO), but its current market capitalisation is ₹41,476 crore ($5.4 billion).

Who coded Paytm?

Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR. It started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013.

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Is Paytm a China app?

Paytm is backed by China's Alibaba Group Holding (9988.HK) and its affiliate Ant Group (688688. SS).

What is PayPal's net worth?

For fiscal year 2019, Paypal reported earnings of US$2.459 billion, with an annual revenue of $17.772 billion, an increase of 15% over the previous fiscal cycle. PayPal's shares traded at over $108 per share, and its market capitalization was valued at over $127.58 billion in December 2019.

Does Paytm work in USA?

Paytm is available only in India. The nest worth of Paytm is US$2.1 billion.

Will Paytm ever be profitable?

It is worth noting that Paytm has made several such estimates over the last few years. In an undated letter to shareholders, Paytm's founder and CEO Vijay Shekhar Sharma said that he expects the fintech unicorn to become operationally profitable in the next six quarters, by September 2023.

How was Paytm started?

In 2000, Vijay Shekhar Sharma established Paytm's parent organization One97 Communications, through taking a loan of Rs 8 lakh. He went on to finally establish the Noida-based Paytm in 2010 as a prepaid mobile and DTH (direct-to-home) recharge platform.

How much Vijay Shekhar Sharma owns in Paytm?

Sharma's stake in Paytm is currently valued at $998 million, down about $1.59 billion since listing. According to the Forbes billionaire list, Sharma's wealth is currently at $1.3 billion.

Who owns Paytm in India?

Vijay Shekhar Sharma, Founder & CEO of Paytm and One97 Communications Limited together own Paytm Payments Bank, country's largest digital bank with over 58 million account holders.

What happened Paytm CEO?

Paytm founder & CEO Vijay Shekhar Sharma was arrested by the Delhi Police in February and subsequently released on bail in a case of rash driving, NDTV reported. Sharma was allegedly driving a Jaguar Land Rover that hit the District Commissioner of Police of South Delhi's car, police have said.

Is Google pay an Indian company?

Is Google Pay an Indian app? Google Pay is based out of the Google headquarters in California, US.

Is PhonePe Indian?

PhonePe is an Indian digital payments and financial technology company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.

Who is Satish Kumar Gupta?

Satish Kumar Gupta (born 20 April 1953) is an Indian immunologist and an Emeritus Scientist at the National Institute of Immunology. Known for his research in reproductive immunology, Gupta is an elected fellow of all the three Indian science academies viz.

Is Paytm safe?

UPI payments are absolutely safe. UPI payments are regulated by the Reserve Bank of India & NPCI and mobile payment applications like Paytm follow all the guidelines as laid down by these regulators.