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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...
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How Large Companies Can Find Abundance in Scarcity

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To compete with the dawning age of Scarcity corporate leaders will have to make some necessary changes in the way they think, the way their management thinks and the way their systems work. Some of the necessary steps that the leaders can take could be as mentioned. Tie Senior Management’s Compensation to Frugal Performance The senior management’s compensation should be linked to how frugal they can think. Florida Ice & Farm Co., a large food and beverage producer and distributor in Costa Rica developed and set the Balanced Scorecard to track how the company was reducing its consumption of natural resources. R&D Should be Challenged to Do More with Less To keep the huge R&D funding in control and to make sure that the engineers are not over doing it, it is best to budget the R&D and asking it do more with less. After visiting Russia, French carmaker Renault’s CEO Louis Schweitzer challenged his R&D team to make a car which costs less than Euro 6000 as that was...
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