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Kartik Hosanagar of the Wharton School said that Vijay Shekhar Sharma, founder of India’s fintech company Paytm, “likely has low equity holding on a percentage basis. But the company’s valuation is very high so his stake in Paytm is still worth a lot on paper.”

https://qz.com/india/1755242/does-paytms-latest-funding-just-mean-more-cash-to-burn/ Quartz India