India Paytm IPO with $10 Billion Market Value, Founder Becomes Billionaire with $2.4 Billion
20th November 2021 | Singapore
Paytm, the India financial technology company which runs India popular payment app and similar to China Ant Group, has IPO on Bombay Stock Exchange with a market capitalisation of $20 billion on Thursday (18/11/21). Listed as One97 Communications, the shares fell more 27% and had hit the the lower circuit breaker of 20%. Vijay Shekhar Sharma, who founded Paytm in 2010, became a billionaire with estimated fortune of $2.4 billion. The IPO raised $2.5 billion and existing investors include Softbank Vision Fund, Berkshire Hathaway, Ant Group and Alibaba Group. (IPO ~ Initial Public Offering)
“ India Paytm IPO with $10 Billion Market Value, Founder Becomes Billionaire with $2.4 Billion “
Paytm, Founded in 2010
Founded in 2010 by Vijay Shekhar Sharma, Paytm quickly grew to become a popular payment app in India. Today, more than 20 million merchants & businesses are powered by Paytm to accept payments digitally. More than 300 million Indians use Paytm to Pay at their stores, and Paytm App is used to pay bills, do recharges, send money to friends & family, book movies & travel tickets.
Billionaires:
- Hurun China Rich List 2021: 1185 Billionaires in China, Rabbits are Best Performers
- GitLab IPO on Nasdaq with $14.9 Billion Market Value, Co-founder Sijbrandij Becomes Billionaire with $2.8 Billion Fortune
- Pandora Papers Leak: Secret Offshore Holdings of 35 Country Leaders, 130 Billionaires and Famous People
- Romania Billionaire Dan Petrescu Dies in Private Jet Crash Near Milan in Italy
- Restaurant Platform Toast IPO on NYSE with $30 Billion Market Value, 3 Co-founders Become Billionaires
- Mailchimp Sells for $12 Billion to Intuit, 2 Founders Become Billionaires with $5 Billion Each
- Australia Canva Billionaires Co-Founders Age 34 to Give $12 Billion to Charity
- 42 Billionaires in Singapore, Li Xiting Richest with $23 Billion Fortune
- Google Co-founder & Billionaire Larry Page Receives New Zealand Residency with NZ$10 Million Investment
- Twitter & Square Founder Jack Dorsey Buys Australia Fintech Afterpay for $29 Billion, Founders Become Billionaires with $1.8 Billion Each
- Robinhood IPO on NASDAQ with $32 Billion Market Value, Founders Become Billionaires $2 Billion Each
- Hong Kong Billionaire & King of Oyster Sauce Lee Man Tat Died at Age 91, 6th Richest with $17 Billion Fortune
- Billionaires Richard Branson and Jeff Bezos with $216 Billion Combined Wealth Starts Spaceflight Tourism
- Xiaomi Founder & Billionaire Lei Jun Donates $2.2 Billion of Shares to Charity
- UK Largest Divorce Payout from Russian Billionaire Farkhad Akhmedov, Settles at $186 Million from Original $620 Million
- British Fintech Wise IPO Creates 2 New Billionaires with $3.55 Billion
- China Premium Tea Nayuki IPO in Hong Kong, Creates 2 New Billionaires with $1.1 Billion Each
- Didi Global IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $4.4 Billion
- Billionaire Warren Buffett Resigns from Bill and Melinda Gates Foundation, $49 Billion Endowment
- United States Billionaires Tax Leak, Top 25 Pays 3.4% in Tax Rate from $401 Billion Fortune
- Didi Chuxing IPO Creates 2 New Self-Made Billionaires, Founder Will Cheng Wei with $7 Billion
- Billionaires Bill Gates & Melinda Divorce, $150 Billion Assets
- Billionaire James Dyson Switches Residency Back to UK from Singapore
- South Korean Billionaire & Chairman of Kakao Kim Beom-Su to Give More than Half His $10 Billion Fortune Away
- Billionaire & Google co-Founder Sergey Brin Setup Family Office in Singapore
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit