Diary of Paytm Founder: Vijay Shekhar Sharma
Being a middle class, People take it as a problem which is
not true at all. In fact, it gives you
the best of both worlds, i.e. having enough money to be able to get educated
and yet have those values which encourage you to save money and work hard. This
small-town boy from Aligarh has a similar kind of motivation for you.
Vijay was born on 7th June 1978. His father was a teacher
and his family had two elder sisters and one younger brother. He was quite
intelligent since childhood who used to study his sister's books. He got double
promotion in his school and completed his 12th class at the early age of 14.
His dream was to become an engineer and he took admission in Delhi College of
Engineering for further studies.
From A Class Hero to
a Back-Bencher: Vijay was always a first-bencher in his school and he
followed the same in college as well. One day the teacher asked him a question
in English, which he was not able to understand, he felt embarrassed and started
sitting on the last bench. He started reading two books simultaneously, one in
Hindi and other in English to understand the course.
Vijay's life was changed when one Sunday he went to the
DhariaGunj market in Delhi. There, he picked up a Forbes magazine and started
reading about how companies such as Apple, Intel, and HP built companies. He
wanted to go to Stanford and Silicon Valley but wasn’t having the money or the
resources.
While most of the bright students were fighting for their
placements, Vijay started his own startup "XS Communications", to
create Content Management System. This Management system was being used by many
major publications including Indian Express.
"Don’t assume that
borrowing lots of money can make your startup fly. There are many things to the
business other than investors, and it’s possible to succeed with your startup
without breaking the bank." -Barnaby Lashbrooke, founder of Time Etc.
It was 2005 when Vijay was trying to setup One97
Communication, he had to face a difficult time and ended up selling 40% shares
of his company to raise the fund of 8 lakhs. Paytm was never so easy. Though
India's telecom sector was improving around in 2010, but investors were seeing
risk with Vijay’s idea of mobile-first consumer service. When Vijay placed the
proposal to build a Paytm in front of the investors 97, they did not show much
enthusiasm. He told them directly “give me $ 1 million” but they did not agree.
At that time Vijay put a $2million at stake from his own to launch this one of the
biggest brands named Paytm. Vijay has received the "Outstanding Startup of
the Year" Award at Forbes Leadership Awards 2016.
Paytm has changed the digital scenario over the years. Vijay
is looking forward to a cashless India. His dream is to ring half a billion
Indians to the mainstream economy. His dream is to build India’s first $100
Billion firm, a company that would make the nation proud.
To know more about him click here- https://www.drilers.com/
#indiantalent #inspiringstories #knowmebetter
#vijayshekharsharma #entrepreneurs #paytm
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