No truth: Paytm CEO on reports of scaling down Paytm Mall
Paytm CEO Vijay Shekhar Sharma, denying reports of scaling down the startup's e-commerce unit Paytm Mall's B2C operations, said, there's "no truth" to these claims. The marketplace is expected to double gross merchandise value (GMV) to $2 billion by March this year, Sharma said. Referring to Paytm's wholesale B2B vertical, he added, it's "budgeted to contribute...10-15% of total Mall GMV". 