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Angel Investor (Individual)

Investments

59

Portfolio Exits

8

About Vijay Shekhar Sharma

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Latest Vijay Shekhar Sharma News

No need for funding in future, company confident of sustainable free cash flow, says Paytm CFO

Sep 13, 2023

Speaking at the company's 23rd Annual General Meeting (AGM), Paytm founder and CEO Vijay Shekhar Sharma linked the company's growth to India's prowess. Paytm revenue from operations rose by 61 per cent year-on-year to Rs 7,990 crore in FY2022-23 against Rs 4,974 crore in FY22. Paytm does not see the need for funding in the near future and is confident of attaining sustainable free cash flow, the company's chief financial officer said Tuesday. “We don't see the need for funding in the near future. We have zero debt, and we are very healthy from a balance sheet standpoint," Paytm Executive Director, President and Group Chief Financial Officer Madhur Deora said. With Rs 8,300 crore of cash balance, the company is confident of becoming sustainably FCF (free cash flow), he added. TRENDING NOW Previous fiscal proved to be a landmark year for the fintech giant, as it achieved operating profitability nine months ahead of its target. Its revenue from operations rose by 61 per cent year-on-year to Rs 7,990 crore in FY2022-23 against Rs 4,974 crore in FY22. Speaking at the company's 23rd Annual General Meeting (AGM), Paytm founder and CEO Vijay Shekhar Sharma linked the company's growth to India's prowess. “When Paytm grows, India grows. We are the champions for small merchants in the country. We believe a small merchant once given access to correct technology and financial services creates the true growth engine of India. It is where jobs are to be created and we create inclusive growth in our country," Sharma said. Notably, Paytm displayed its technology to leaders from other countries at G20's Digital India Experience Zone to showcase the country's prowess in digital payments. Sharma said Paytm's Artificial General Intelligence (AGI) software stack will create opportunities to lower costs, spread farther and make the Indian financial system safer and secure. "We will soon become a global superpower and Paytm will lead this. AGI software stack will create opportunities to lower costs, spread farther and make our financial system safer and secure.”. Incidentally, Sharma in July had flagged concerns of superintelligence AI leading to human extinction, citing an OpenAI blog. Paytm President and Chief Operating Officer Bhavesh Gupta said that any form of plastic money will eventually fade away and mobile payments will rule the future.

Vijay Shekhar Sharma Investments

59 Investments

Vijay Shekhar Sharma has made 59 investments. Their latest investment was in Jimmy’s Cocktails as part of their Seed VC - II on July 7, 2023.

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Vijay Shekhar Sharma Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/18/2023

Seed VC - II

Jimmy’s Cocktails

$1.33M

Yes

3

7/17/2023

Seed VC - III

Jimmy's Cocktails

$3M

Yes

3

6/21/2023

Seed VC

Crib

$1.83M

Yes

6

3/13/2023

Seed VC - II

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$99M

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10

10/12/2022

Seed VC

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$99M

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10

Date

7/18/2023

7/17/2023

6/21/2023

3/13/2023

10/12/2022

Round

Seed VC - II

Seed VC - III

Seed VC

Seed VC - II

Seed VC

Company

Jimmy’s Cocktails

Jimmy's Cocktails

Crib

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Amount

$1.33M

$3M

$1.83M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

3

6

10

10

Vijay Shekhar Sharma Portfolio Exits

8 Portfolio Exits

Vijay Shekhar Sharma has 8 portfolio exits. Their latest portfolio exit was Zapr Media Labs on November 16, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/16/2022

Acquired

$99M

1

2/16/2021

Corporate Majority

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$99M

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10

11/27/2019

Acquired

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$99M

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10

4/26/2019

Acquired

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$99M

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10

3/15/2019

Acquired

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$99M

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10

Date

11/16/2022

2/16/2021

11/27/2019

4/26/2019

3/15/2019

Exit

Acquired

Corporate Majority

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

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