And now, Mobikwik accusses Paytm of capital dumping

After Ola and Flipkart’s ‘capital dumping’ accusation to the global counterparts, Mobikwik’s cofounder and CEO, Bipin has accused Paytm of capital dumping.

And ofcourse, has nicely used Paymt’s Alibaba connection.

“The money hasn’t gone to create innovation. Everything has gone to cashbacks and discounts”

Interestingly, in a very subtle way Mobikwik has raised the security issue and has hinted at the data Paytm gathers and whether Alibaba can make use of it – thus touching upon national security issue.

EXCL | MobiKwik launches a scathing attack on rival Paytm which is funded by China's Alibaba. In an interview to Adith Charlie Co-Founder Bipin Singh says the Govt should end capital dumping!

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What’s your take on this ?

Are Indian startups using ‘capital dumping’ as an excuse to get attention ? Or is this a very serious issue which you think the government should address?

  1. First UPI and then AAdhar based payment will real threat to all wallets companies… RIP Walllet to wallet companies…In future you only see PAYTM as payment bank…nothing else… I never use Wallet and APP for payment… Onlly STATE BANK ANYWHERE APP where i keep only 5000 rs in account for Recharge, IMPS and many more..

  2. Hi Bipin, If you were the early starter and Alibaba has invested in you, in all probabilities you wouldn’t probably make noise out of this.

  3. And moreover, if the comments are from a neutral than its thought provoking. Being in the same trade its unwise to comment.

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