Paytm CEO Vijay Shekhar Sharma said that creating an impactful startup needs ‘desire’ and knowing that if the journey is worth it.
Vijay says business model dhudhna Bhagwan ko dhoondne ke bararabar ka search hai.
Investors say India is definitely the first world for startups.
Recently on India Internet Day event unboxing internet in India to get ready for 100 Unicorns was done in the same moment, Paytm’s Founder and CEO Vijay Shekhar Sharma shared some very crucial lessons and his experiences of life.
In the event organized by TiE in Delhi-NCR, Paytm CEO Vijay Shekhar Sharma that creating an impactful startup not merely only needs capital, KPIs or a team but it especially needs is a ‘desire’ and knowing that if the journey is worth it. He also added everyone on life has a lamentation to reach to millions of people and put an impact by our offerings. Vijay advised internet companies to build a customer moat so that they come to their app even when the company is not promoting. The founder-CEO asked hundreds of entrepreneurs present in the hall, “Have you ever built a moat that the customer understands?”
In meeting it was asked from Paytm CEO “When will Paytm’s elusive search for a business model end?” The Paytm chief chuckled and answered that this ceaseless search: “Bhagwan ko dhoondne ke bararabar ka search hai (it’s like searching for god).”
According to him, even the famous business tycoons in India are regularly looking for a business model, and added, “As soon as you have a fixed business model, you are destined for death.” He also gave an example of some of the big traditional tech players who survived and scaled with new models. He also added, “Look at banks. They had a fixed business model, but had to go to the next one to survive.” He said when the industry faces abrupt ups and downs keep moving. “The incumbent is not your problem,” said Vijay, while asserting. He said
As an entrepreneur you are waiting for a curve in the industry and as it comes it your time.
Focusing about the general saying that India does not have enough funds for startups, the Paytm chief pointed out the $100-million cheques and the $1 billion funding rounds raised by the companies here and signed off by stating that India is definitely the first world for startups.
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