Paytm Mall, owned by Paytm Ecommerce Pvt. Ltd, has announced the promotion of Rudra Dalmia to Executive Director on the Board of the Company. He will be responsible to further strengthen the company’s O2O business while ensuring steady growth. Additionally, the company has also announced his appointment as its board member.
A global investment professional and a corporate leader, Rudra Dalmia, joined the company this year as a Senior Vice President – Finance & Business with over 20 years of experience in Asset Management, Private Equity, Fintech, Analytics and Investment Banking.
Prior to joining Paytm Mall, he was the Country Head and MD of Saxobank India, Rudra was actively investing in Blockchain technology for a short period in Europe and Canada in 2016-17. In the past, he has also held several leadership positions at top global firms, being the Director of £10 Bn PE fund (Dawnay Day International - UK, Europe, and Emerging Markets) and as the Country Head of eBookers Shared Services, India.
Under his leadership, Paytm Mall has managed to reduce costs by 90% while registering a 10% growth in its GMV. He initiated a new O2O revenue line that now contributes over 60% of GMV. Rudra will continue to strengthen the management team with new hires.
Vijay Shekhar Sharma, Founder & CEO – Paytm said, “I know Rudra as a great entrepreneur and a very seasoned executive since long back. I welcome him to Paytm Family and proud to see him as a board member of Paytm Ecommerce.
Rudra Dalmia, SVP and Executive Director, Paytm Mall said, “I am excited about the improvement of metrics in the last quarter, we have reduced costs by 90% and yet successfully managed to grow by 10%. This mantra will have to be followed by all the hyper growth startups as they reach scale in a growing market. This gives us a unique opportunity to build a truly valuable business without worrying about vanity metrics."
He received a graduate degree from SRCC College, Delhi, and an MBA from Cornell University in New York.