Vijay Shekhar Sharma: Paytm setback: Vijay Shekhar Sharma says ‘Indian startup dream must overcome every situation collectively’

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Stressing on the undying spirit of an entrepreneur, Paytm founder Vijay Shekhar Sharma wrote in a WhatsApp group of startup founders that nothing can deter them from continuing to build.
“We should not let anything deter us from what we all have built over so many years,” he wrote in the group. “The Indian startup dream must overcome every situation collectively.”

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ET has seen a copy of the message.

The message assumes significance in the context of Paytm Payments Bank, an associate company of Paytm, being asked by the Reserve Bank of India to stop most of its basic banking services by end-February.

The comment was in reaction to a flurry of messages in the group expressing support for the Paytm founder.

Sharma also wrote about the need for a conversation at a wider level.

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While the startup sector was shocked by the intensity of the action, many felt it was too harsh for the regulator to effectively bring a large banking business to a grinding halt.While Paytm has officially informed the stock exchanges about how it plans to ensure business continuity after the RBI order, this is the first message the founder personally gave out to the larger community.



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