Digital wallet founder and CEO Vijay Shekhar Sharma is all set to buy a luxurious residential property worth Rs 82 crore in Delhi’s most high-end residence, Golf Links. Sharma has already signed the MoU and paid up the advance amount for the 6,000 sq ft estate where he plans to build his home.
Sharma has been featured in the Forbes list as the youngest Indian billionaire with a net worth of $ 1.3 billion. While according to Harun India rich list his wealth surged to nearly 16 per cent in 2016. He is a shareholder in Paytm Payments Bank with a 51 per cent ownership. He holds a 16 per cent stake in Paytm which is currently valued at $7 billion raised $1.4 billion from Japan’s SoftBank in its latest round of funding. It is also considered as the largest fund infusion in an Indian startup. The company plans to invest Rs 10,000 crore over the next three to five years.
According to reports, the mobile wallet services are used by more than 220 million users across India. Following demonetisation, when Prime Minister Narendra Modi asked people to go cashless, there was a boost in the number of users. Paytm claimed that it had over seven million transactions worth Rs 120 crore a day.
