Paytm founder and CEO Vijay Shekhar Sharma thinks India is known for its “masala chai”. In response to a tweet from Uber Facts asking people to identify their country by what it is known for, the entrepreneur said: “One masala chai, please”.
“Without saying the name of your country, what is your country known for?” read the tweet from Uber Facts.
A Masala Chai pls ️ https://t.co/E1Jme7Y9fZ
— Vijay Shekhar Sharma (@vijayshekhar) May 19, 2022
Mr Sharma’s tweet has received a lot of attention on the social media platform. The valuation entry for masala chai comes days before International Tea Day. It is celebrated on May 21 all over the world.
Most of them remembered their “PayTM” Karo moment.
PayTM karo
— Marine Chopra (@NavalChopraX) May 19, 2022
One user referred to the popular phrase a seller would use to ask the customer to make the payment digitally. “Bhaiya Paytm Kardena,” it read.
“Bhaiya Paytm Krdena”
— Divye Agarwal (@Divyetweets) May 19, 2022
Meanwhile, someone disagreed with Vijay Shekhar Sharma’s “masala chai” thought. He thinks it is the “filter coffee” that defines India.
Nah! Filter coffee.
— Venkatesh Iyer (@atvenkateshiyer) May 19, 2022
Another said it’s the “Parle-G” cookie.
with parle g
— abhay singh (@abhaysingh_2005) May 19, 2022
Coming back to Paytm, the e-commerce arm Paytm Mall plans to jump into the online retail segment by turning to the Open Network for Digital Commerce (ONDC), a government-developed UPI-like platform. The ONDC initiative aims to democratize the buying and selling of goods in the Indian market.
Recently, Chinese billionaire Jack Ma, backed by Alibaba and Ant Financials, divested their entire 43.22 percent stake in Paytm Mall for just Rs 42 crore. The deal valued the company at just ₹100 crore. That was a huge drop for Paytm Mall since its last fundraising in 2020 when it was valued at $3 billion (Rs 21,000 crore). In 2017, Paytm had raised $200 million (Rs 1,551 crore at the current rate) from Alibaba.
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