Paytm Mall a much better business now, says Vijay Shekhar Sharma

CNBC-TV18 2019-04-26

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Homegrown payments company Paytm, launched an e-commerce consumer app in 2016 called Paytm Mall. Almost two years into the business, the Alibaba-backed firm failed to take off. In fact, reports suggest that Paytm Mall burnt USD 150-200 million in September-October period of 2018 to maximize the sales during Diwali, which obviously did not go down well with the board. CNBC-TV18's Megha Vishwanath spoke with Paytm CEO, Vijay Shekhar Sharma to find out what went wrong with this unicorn and how they are now mending ways.

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