Targeting GMV of $100 bn by end-2019: Paytm CEO Vijay Shekhar Sharma

Sharma said Paytm Money will soon be launched for mutual funds

The list of marquee investors in Paytm, owned by Vijay Shekhar Sharma-founded One97 Communications, includes Jack Ma-led Alibaba and Masayoshi Son-led SoftBank. Now, it has added Warren Buffet’s Berkshire Hathaway to the list. The US-based company invested $365 million in Paytm, valuing it at $12 billion. Sharma tells Karan Choudhury that this will help his company become truly global. Edited excerpts:

When did the talks start? 

I spoke to Todd Combs, investment manager of Berkshire Hathaway, in February where we had a freewheeling two-hour-long conversation about India, technology, investments. We then shared our company details and annual reports. Later,