India's Billion Dollar Startup Club
Paytm (One97 Communications) – 1.9 Billion
Paytm’s founder Vijay Shekhar Sharma started One97 Communications as a website that allows users top up payments on their mobile phones and as a content providing platform in 2001. Sensing the demographic rapidly changing Mr Sharma in 2010 launched Paytm, a service that enabled ‘Pay Through Mobile’ (the acronym) facility for the Indian masses. Today the company has a Reserve Bank of India-approved mobile wallet that allowed users to store money in an online wallet.
Read Also: Qdesq: A Workspace Aggregator Raises Angel Funding
India Is Youngest Start-Up Nation With 72% Founders Below 35 Years: Si
