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Vijay Shekhar Sharma House: Paytm Founder to buy Rs 82 crore home

[caption id="attachment_1392" align="aligncenter" width="1024"]Vijay Shekhar Sharma House: Paytm Founder to buy Rs 82 crore home Vijay Shekhar Sharma House: Paytm Founder to buy Rs 82 crore home[/caption]

Vijay Shekhar Sharma House: Founder and CEO of Mobile App Paytm, Vijay Shekhar Sharma is buying a Rs 82-crore bungalow in Delhi's most VVIP area, Lotions Zone. According to media reports, Vijay Shekhar Sharma has replaced the new house in the New Delhi Golf Link area. Golf Link is one of the most expensive areas in the country. Sharma's company One 97 started Paytm in August 2010. Still, the Chinese company Alibaba has the largest share in PayTM, with an estimated 20% stake. Alibaba is the company of Chinese digital entrepreneur Jack Ma.

According to reports, Vijay Shekhar Sharma has also given advance payment by filing a memorandum of understanding (MoU) for this 60,000 sqft bungalow. However, this transaction has not yet been registered. Paytm is the country's largest digital start-up after Flipkart.

Noida-based Paytm Company has refused to comment on this. Sharma has a 16 percent stake in Paytm. Japan's Soft Bank recently invested $ 1.4 billion in the company. The market capitalization of the company is $ 7 billion. Sharma holds 51% stake in Paytm payment bank.

Sharma was recently named as India's youngest billionaire by Forbes magazine, with $ 1.3 billion in private wealth. Sharma's wealth has risen 162% compared to last year. They are India's richest entrepreneurs in the age of 40. Sharma's company Paytm got a big advantage with the Narendra Modi government stopping the notes of Rs 500 and Rs 1000.

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