Will Jack Ma's disappearance break Vijay Shekhar Sharma's back?
So far, Alibaba was Paytm’s universal provider -- tech support, consumer insights, business plans and funds.
With other strategic backers like Softbank fussing over profitability after Vision Fund’s missteps it’s time for Sharma to figure out what Paytm – India’s most valuable fintech company commanding billion $16 billion valuation and counting – wants to be entering its adolescent years.
Their bromance had apparently bloomed after a twenty minute meeting that went on for two hours, culminating in Alibaba and its founder Jack Ma taking a large bite of Vijay Shekhar Sharma’s Paytm in 2015 and becoming its largest shareholder. An ecstatic Sharma proudly proclaimed: ‘Mere paas Ma Hain, Jack Ma.’Nobody expected five years later, border kerfuffles would force Sharma play the nationalism card to publicly play down the influence of