Paytm founder Vijay Shekhar dismisses capital dumping issue

Taking a contrarian view on “capital dumping” and calls of protectionist government policies, Paytm Founder Vijay Shekhar Sharma on Thursday dismissed such demands of some Indian e-commerce players as a business tactic. He said that some e-commerce players complained about capital dumping by foreign giants such as Amazon and Uber even though many of these were funded by global investors.
 
A few months ago, founders of Flipkart and Ola called for government protection from rivals Amazon and Uber.
 
While Amazon has allocated around $5 billion for investments and expansion in India, Uber is putting all its resources in