Claim: Paytm started as a prepaid mobile and DTH recharge platform in August 2010 until it was launched into an e-commerce payment system and financial technology.
Evidence: It started off as a prepaid mobile and DTH recharge platform, and later added data card, postpaid mobile and landline bill payments in 2013. Paytm was founded in August 2010 with an initial investment of $2 million by its founder Vijay Shekhar Sharma in Noida, a region adjacent to India's capital New Delhi. It launched into e-commerce with online deals and bus ticketing. By January 2014, the company had launched the Paytm Wallet, which the Indian Railways and Uber added as a payment option.