Expect Paytm Mall biz to break even in a year: Vijay Shekhar Sharma

Paytm founder Vijay Shekhar Sharma on Monday said he expects Paytm Mall – the company’s e-commerce unit – to break even in a year’s time. Sharma maintained that Paytm will consider getting listed on stock exchanges only after 2021 when the financial services company starts generating cash. “Paytm Mall business is close to break-even, USD 3 million EBIDTA loss a month and USD 1.2-1.3 billion run rate.

In a day, we do 275,000-300,000 orders a day. In festive season, this peaks to half a million orders a day, double of the average day,” Sharma told PTI on the sidelines of the India Mobile Congress 2019. Asked if more funds would be pumped into Paytm Mall, Sharma said: “We have money in the bank, we have USD 260 million, so I would say that we can give more growth capital to it, so basically after a year, Paytm Mall would break even for sure”.