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Home / News / Business News / Paytm founder Vijay Shekhar's new Lutyens' zone acquisition
  • Business

    Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

    Written by
    Gogona Saikia
    Edited by
    Sneha Johny
    Last updated on Jun 07, 2017, 11:53 am
    Paytm founder Vijay Shekhar's new Lutyens' zone acquisition
  • Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

    Sharma has reportedly paid a "substantial advance" after signing the MoU; he plans to build a new home there.

    This comes two weeks after the launch of Paytm Payments Bank, where Sharma holds 51% ownership.

  • In this article
    Vijay Shekhar Sharma Paytm raises $1.4 billion from SoftBank Paytm founder Vijay Shekhar's new Lutyens' zone acquisition The first entry by an internet billionaire into coveted zone Flipkart founders secured a house in prime Bengaluru location
  • About

    Vijay Shekhar Sharma

    Vijay Shekhar Sharma
  • Vijay Shekhar Sharma is the founder of Indian e-commerce giant Paytm.

    Being born into a middle-class family in Uttar Pradesh, Sharma enrolled at Delhi College of Engineering at 15.

    After launching successful online ventures, Sharma's Paytm platform scripted massive success, with the company now worth over a billion dollars.

    Sharma attributes his biggest inspiration to Alibaba's Jack Ma and Softbank's Masayoshi Son.

  • 18 May 2017

    Paytm raises $1.4 billion from SoftBank

    Paytm raises $1.4 billion from SoftBank
  • Paytm has recently raised over $1.4 billion from Japanese investor SoftBank, in one of its largest funding rounds from a single investor.

    Paytm has now become SoftBank's largest investment in India, and SoftBank seeks to replicate the success Alipay had in China, through Paytm in India.

    Paytm said it plans to invest $1.6 billion in 3-4 years to increase banking-access for Indians.

  • 07 Jun 2017

    Paytm founder Vijay Shekhar's new Lutyens' zone acquisition

    Paytm founder Vijay Shekhar's new Lutyens' zone acquisition
  • Paytm founder Vijay Shekhar Sharma has a new property: 6,000-sq-ft residential premises worth Rs. 82cr at New Delhi's coveted Lutyens' zone, one of India's most expensive locations.

    Sharma has reportedly paid a "substantial advance" after signing the MoU; he plans to build a new home there.

    This comes two weeks after the launch of Paytm Payments Bank, where Sharma holds 51% ownership.

  • Lutyens

    The first entry by an internet billionaire into coveted zone

    The first entry by an internet billionaire into coveted zone
  • Sharma, who also holds 16% stake in Paytm, is worth $1.3bn, and is the youngest Indian billionaire in the Forbes list.

    According to Hurun India, his wealth increased 162% in 2016; he is now the richest entrepreneur under 40.

    His recent purchase at Lutyens' marks the entry of an internet billionaire into the exclusive location, which also hosts Dabur Group's VC Burman.

  • Do you know?

    Flipkart founders secured a house in prime Bengaluru location

  • Sharma's rival, Flipkart co-founder Binny Bansal, last year clinched a Rs. 32cr deal for a 10,000 sq ft property in Bengaluru's Koramangala. Their neighbors include Infosys co-founders Nandan Nilekani and Kris Gopalakrishnan, as well as MP Rajeev Chandrasekhar.

  • Paytm
  • SoftBank
  • Uttar Pradesh
  • Binny Bansal
  • Vijay Shekhar Sharma
  •  
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