Paytm created by Vijay Shekhar is going to become the biggest IPO company in the country
The country’s largest online transaction platform company Paytm’s IPO is going to come after some time. After the IPO of 22 thousand crores, Paytm will become a company worth 2 lakh crores. The IPO of Paytm, which is coming from October to December, is going to be the biggest IPO ever. Earlier in the year 2010, Call India had launched an IPO of 15475 crores, Reliance Power in the year 2008 for 11700 crores.
Shortly before, Vijay had shared a 10-year-old startup. In which it was written that the smartphone can do anything. One can also create a business model. This tells how far Vijay was thinking ahead. This screenshot is from when the Paytm app was not even started. Vijay told that when he wanted to start a new startup, he did not have money. The savings money was also wasted. Due to which he had taken 8 lakh rupees from one place at 24 percent interest. A few days later he met another man. The man told Vijay that he would invest in Vijay’s company if he brought his loss-making business back into profit. Vijay with his skill turned that person’s loss into advantage. After which he bought 40 percent shares in Vijay’s company. So that he ended his loan.
In the year 2011, he started working on the mobile-to-payment model. Vijay started his company Pay Through Mobile which became Paytm. The biggest advantage of his company was that it was the first of its kind. However, the company got the biggest benefit when demonetisation was done in India. Before demonetisation, where Paytm had only 12.5 crore customers, traffic on Paytm’s portal increased by 435 percent after demonetisation. After 6 months of demonetisation, China’s Alibaba Group and SAIF invested 1500 crores in the company. After all this Paytm sponsored Indian Cricket, which increased its brand value even more. Last year Paytm became a $1 billion company and now the company is going to be the company to launch the country’s biggest IPO.