Paytm was founded in 2010 by Vijay Shekhar Sharma. In October 2019 at digital technology forum India Mobile Congress, CEO Vijay Sharma noted that “the plan was always to start thinking of an IPO 2022 onwards.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Paytm is an India-based financial technology company with a focus on digital payments. The company has raised over $5 billion in Venture Capital funding from investors including T. Rowe Price, Berkshire Hathaway, Discovery Capital, SoftBank, Temasek Holdings, Goldman Sachs, Alibaba, Ant Financial, Intel Capital, SAIF Partners, and Silicon Valley Bank. It has been widely reported that Paytm last raised $1 billion in November 2019 at a post-money valuation of $16 billion.