Software Engineer

Many are doing this without having a product as mature as twitter.

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It seems Vijay Shekhar Sharma is inspired by Elon to ensure Paytm follows similar path.

It seems Vijay Shekhar Sharma is inspired by Elon to ensure Paytm follows similar path.- Grapevine

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- PayTM shares rose 2% as CEO Vijay Shekhar Sharma committed to achieving PAT profitability at the AGM.
- Sharma highlighted India's leadership in financial technology and the potential to extend it into AI.
- The focus is now on core business areas like payments and financial services distribution.
- PayTM aims to cut costs through AI adoption, with shares quoting Rs 681.05 on the NSE.
- Despite a widened net loss in Q1FY25, the company plans aggressive cost-saving measures. 

 Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/one-97-communication-shares-rise-as-vijay-shekhar-sharma-commits-to-profitability-at-paytm-agm-12820038.html)

Vijay Shekhar Sharma Vows Profitability, PayTM Shares Surge

Journalist

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Will Vijay Shekhar Sharma be able to revive the company in next 6 months or Paytm will lose its existence among upi customers ???

Paytm and it's downfall

Controversial take below:
No doubt that PayTM has been a poster-boy of Indian fintech startups. And Vijay Shekhar Sharma has been an exceptional entrepreneur: building PayTM into a homegrown brand and a multi-billion dollar public company. To that extent, PayTM does deserve a lot of respect from the entire startup community and all of us.

But in current context, they were found to be persistently non-compliant on certain regulations: regulations which are not new and which exist for the protection of consumer interest and overall trust in the ecosystem. That PayTM failed to adhere to them, is squarely on them. That is just oversight or just negligence on their part, and they are facing the consequences of their (in)action.

Why then this show of support for PayTM, who clearly is at fault here? Is it just sympathy for VSS and other PayTM employees who see a lot of their wealth dissipate overnight? Is it just teenage rebellion spirit against the "system" and believing startups are above them? Or is it just accepting that it is okay to cut corners, almost with the guilt of knowing we have erred similarly too?

I get the respect for the company and VSS, I do. But to present them as heroes who have been hard done by regulators, is a grossly misleading narrative.

PayTM, not a victim

Investor

Was reading a thread where people were saying don't be in shock if Ambani/Reliance starts making move after RBI's action on Paytm. I initially thought it to be a meme. Now I am just curious. 

Is the system really fair to allow such moves by the rivals after penalising them?
Or is the system that rigged to make sure their friends can get all the business to technically get the favors, funds, etc? 
Any thoughts on this? 
Whether is it too cruel and unfair that system just can't come into action to stop such moves otherwise how the startups anyway could rival the innovation that happens in the West if our own system anyway is there to cripple in such scenarios or do you think it's all fair in the name of business (you donot follow regulations, you will have to suffer eventually)? 
PS:- This is just to have a healthy discussion without any biases intended, with no political agenda in mind. I hope you'll keep the discussion healthy and interesting. 
Picture source:- stocktwits(ig)

Is system really fair? Thoughts on JioFin acquiring Paytm Wallets biz.

Product Engineer

- Paytm's shares rose by 15.65%, ending Tuesday's trading session at INR 753.60, boosting its market capitalisation to $5.71 Bn.
- CEO Vijay Shekhar Sharma announced plans to reinvest in the consumer payments business, following a significant loss of consumer base.
- The company recently allotted 93,284 equity shares to employees under ESOP programmes.
- Despite the recent surge, Paytm's shares are still trading over 60% lower than its listing price of INR 1,950.
- Sharma expressed regret over his choice of investment bankers for the company's IPO.

Source: [Inc42](https://inc42.com/buzz/paytm-zooms-over-15-after-vijay-shekhar-sharma-reiterates-focus-on-consumer-payments/)

Paytm Shares Surge 15% as CEO Reiterates Focus on Consumer Payments

Heading back to the stone age

Consultant

I know a lot of people from startup community are coming out in support of VSS & Paytm. But they are happily ignoring the news & experts' words of caution.
Look at what ex-RBI director has to say on the issue. IT WAS A DISASTER IN MAKING SINCE OCT'23.
No one is above the law of land. Startups don't mean you can innovate at the expense of compliance.
https://www.cnbctv18.com/finance/paytm-payments-bank-rbi-order-restrictions-disaster-in-the-making-18940381.htm

Startups coming out in support of Paytm

YourStory is India’s biggest and definitive platform for startups and entrepreneurs related stories

Investors Say “India se Paisa Nikaal Lo” : Vijay Shekhar Sharma

Many companies will go bankrupt between January 2024 and June 2024 : Paytm CEO Vijay Shekhar Sharma

Distrust predictions; even economists err. Avoid armchair experts and celebrity founders' opinions.

How true is this? Can anyone who has inside info from Paytm confirm this?
Something similar happened when RBI imposed restrictions in Feb and there were news articles of JioFin acquisition of Paytm. It was later ruled out as rumours.

Article link as below:

https://m.economictimes.com/industry/banking/finance/adani-to-play-fintech-game-gautam-adani-in-talks-with-vijay-shekhar-sharma-to-acquire-stake-in-paytms-parent-co/amp_articleshow/110516753.cms

Adani - Paytm Talks?

Senior Manager

How was the ex- CXO - Utkrishta handling the team or  being a manager.. 

He has launched a new fintech startup and has openings in it. So looking to understand about him, as he has a good reputation and name in startup ecosystem.

Meesho ex- CXO - New startup

PAYTM Payments Bank essentially asked to shut shop. 

Afaik here are the few implications
1. Stock market will react in a bad way to them
2. Worst affected are going to be FasTag users who bought from PayTM.
3. No deposits / credits allowed in any account. Withdrawal is allowed. 
4. UPI not allowed after Feb

Paytm gets a shock from RBI

That stock is about to crash so fucking hard. Thank god i got out. The crappiest IPO of this decade.

Growth Manager

Product Manager

Heard there are layoffs happening in cashfree in sales product and I think tech also.

Bad scenes :(

Cashfree Payment Layoffs

Welcome to Personal Finance's Private Community

P.S. Not seeking directions, just some sane advice. I was in a murky situation with PNB a few years ago, and I successfully managed to accumulate and now they are doing handsomely!

Paytm stocks lying in my holdings, every time I successfully accumulate more to average out my price, something goes south and the stocks crash. I have patience, and can accumulate some more. Any sound advice?

Growth Marketer

Welcome to Office Gossip's Private Community

Is Shreyas Srinivasan now more focused on company politics and bickering rather than focusing on product building?

His largely talks about homepage designs only (like that's the only product management he knows), comes and gives gyaan but never had been able to deliver nos (his current KPIs are all red since 2 months), blames on other teams / external factors rather than owning things up like any half decent leader.

And most funny he and his minions (Neehar etc.) create full mess and then they start taking moral high ground / highlighting that how product is messed up once they pass responsibility to some other team.

No wonders Paytm lags so much behind PhonePe and GPay. When product leaders focus more on politics than getting work done, not sure how will key metrics grow.

Paytm Product Head and Politics

this is the kind of grapevine I'm here for 🍿

Data Scientist

As title says , there are so many narratives going around 

Could you give some insight how the management is working upon it

PayTM employees , could you tell us some insider information

Software Developer

Paytm is becoming the Enron of India with so many allegations of fraud and compliance issues.

Paytm might've committed forex fraud

If you were at Vijay Shekhar Sharma's position, how would you solve current Paytm issue ?

I'll write pro BJP posts on Twitter/LinkedIn, it would help

It seems Vijay Shekhar Sharma is inspired by Elon to ensure Paytm follows similar path.

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If you were at Vijay Shekhar Sharma's position, how would you solve current Paytm issue ?