afaqs!

Three industry heavyweights join Paytm's board

By afaqs! news bureau , afaqs!, New Delhi | In Digital | June 25, 2015
The appointees include Ruchi Sanghvi, Neeraj Arora and Naveen Tewari.

Mobile commerce platform Paytm now has three high-profile members on its board. These include Ruchi Sanghvi - Facebook's first woman engineer, Neeraj Arora - former global business head of WhatsApp and Naveen Tewari - founder of InMobi.

Ruchi Sanghvi

Neeraj Arora

Naveen Tewari

Speaking on these appointments, Vijay Shekhar Sharma, founder and CEO of Paytm, says, "Ruchi, Neeraj and Naveen all come with tremendous internet commerce experience with highly renowned brands. Their contribution will help in scaling Paytm to become India's most dominant mobile internet company. We look to bring global talent and best practices for scaling to half-a-billion Indians on the Paytm platform. I can see our very strong independent board helping us achieve that."

Sanghvi comes with a rich product and tech background. She co-created and managed the News Feed feature on Facebook, besides Facebook Connect and Facebook's Developer Conference F8. She has led core areas of product, including Facebook Privacy, Notes, Homepage, Profiles and User Engagement.

Arora is amongst the best-connected Indians from Silicon Valley. A mergers-and-acquisitions veteran who joined WhatsApp after Google in 2011, he has largely managed the business side as the mobile-messaging startup grew into a global phenomenon.

Tewari is an expert in creating world-class organisations from within India. He built InMobi which is a mobile ad tech platform with a focus on making advertising compelling, with the goal of helping users and marketers in making smarter decisions.

Paytm claims to do more than 60 million orders of various digital and physical goods every month. Launched in 2014, Paytm wallet is a mobile payment service platform. The consumer brand of India's leading mobile internet company One97 Communications, Paytm is head-quartered in Delhi NCR. The company's investors include Ant Financials (AliPay), SAIF Partners, Sapphire Venture and Silicon Valley Bank.

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