Paytm to refocus on delivering sustainable, profitable biz model: Sharma

Paytm will refocus on delivering a “long-term, sustainable and profitable business model,” founder Vijay Shekhar Sharma said in a letter to the company’s shareholders on Wednesday.

“After resolving many of the challenges that we faced, we are now refocused on our path to deliver a long-term, sustainable and profitable business model,” Sharma said.

He highlighted that the last financial year was one of the most important learning experiences for the company, adding that the Noida-based fintech will focus on generating free cash flow for the rest of the year.