Targeting Paytm for Chinese investment is absurd: PhonePe CEO Sameer Nigam
It's not often that you have a company publicly defending its arch-rival. But Sameer Nigam, the founder and CEO of leading UPI app PhonePe is an exception. In a candid and fiery interview with ET NOW's Chandra R Srikanth, Nigam strongly defended Paytm and its founder Vijay Shekhar Sharma, hitting out at critics who called Paytm Chinese because it is funded by Alibaba. Nigam, who runs Walmart-owned PhonePe, also took swipes at Mobikwik and InMobi, stating that both these companies ride on foreign capital and the China market, so they can't be opportunistic now.