Vijay Shekhar Sharma tells fellow startup founders to ‘overcome every situation collectively’

Paytm founder Vijay Shekhar Sharma wrote in a WhatsApp group of startup founders that nothing should stop them from continuing to build.

"We should not let anything deter us from what we all have built over so many years," he wrote in the group Thursday. “The Indian startup dream must overcome every situation collectively.”

ET has seen a copy of the message.


The comment was in response to a flurry of messages in the group expressing him support, after the Reserve Bank of India asked Paytm Payments Bank, an associate company of Paytm, to stop most of its banking services by the end of February.

Sharma also wrote about the need for a conversation at a wider level.

While the startup sector was shocked by the intensity of the RBI action, many felt it was too harsh for the regulator to effectively bring a large banking business to a grinding halt.

While Paytm made a filing with stock exchanges explaining how it plans to ensure business continuity, this was the first message the founder personally gave out to the larger startup community.