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Why is Paytm India's Top Startup?

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Paytm was launched in 2010 as an Indian start up. The original service of Paytm was to help users to make their bill payments and recharge mobile phones, while earning reward point. In this post we will see the reason why Paytm is considerd the top indian startup and get more details about this startup. What is Paytm? Paytm was founded by Vijay Shekhar Sharma, in Noida with an initial investment of $2 million. Paytm's parent company One97 Communications which is also owned by Vijay Shekhar Sharma was started in 2000 and operates into multiple fields. Who owns Paytm? Paytm has been backed by Jack Maa's Alibaba and Ratan Tata of the infamous TATA Group. Although partially owned by Chinese company Alibaba, Paytm remains an Indian company with majority of stake holders being Indians (primarily Ratan Tata and Vijay Shekhar Sharma himself.  What got Paytm the required boost? Paytm added a lot of features in 2013 and moved from a mobile and DTH recharge service to an online payment pl...

Learn to Improve

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Jugaad Innovators do not reinvent, they improvise. There are some simple methods that can be implemented to enhance improvement at regular stages. Improving on regular basis will ensure that the need never arises of reinventing. Some of these methods are given below and explained briefly. Break Rules and Shift Values When Necessary In July 2003, IBM’s then CEO Sam Palmisano organized a ‘Value Jam’. A three day long online brainstorming session in which all employees were invited to renew and update IBM’s century-old value system. This collaborative exercise re-contextualized the very notion of innovation and IBM’s core values. Such activities ensure that there is always innovation happening within the company, not just product ideas but cultural and working environment wise too. Don’t Let Inflexible Investors and Customers Dictate Your Innovation Agenda Henry Ford, founder of Ford motors said “If I had asked customers what they wanted, they would have said ‘faster hors...