People believe in the Paytm story and the ability of its founder to deliver

This is reflected in the growing adoption of Paytm among consumers and merchants. As of Q2FY23, Paytm’s merchant base stood at nearly 30 million, while consumer engagement on its Super App is at its highest with average monthly transacting users (MTU) at 84 million for the month of October 2022, up 33% y-o-y.

Under the guidance of its Founder, MD and CEO Vijay Shekhar Sharma, Paytm has built some pathbreaking solutions that have accelerated the adoption of digital payments among consumers and merchants across the country.

More people, including investors, are now betting on Paytm’s future growth potential under the guidance of Sharma. According to media reports, new investors who have bought stakes in Paytm are confident about Sharma’s ability to drive execution and drive growth.

In a recent letter to shareholders, Vijay Shekhar Sharma highlighted that the company is getting closer to EBITDA profitability and free cash flow generation. “In the past ten years, we have embedded our solutions to the last mile – digitising money and enabling small aspirational merchants, artisans, and solution providers to tap into the world of infinite possibilities. The payment revolution continues in India, with merchants and users enthusiastically adopting digital payment technology,” he said.

“One year ago, we made our way to the public markets. We are aware of the expectations that Paytm carries, and I assure you that we are on the right path to profitability and free cash flows. Our journey to build a scalable and profitable financial services business has just started,” he added.