Paytm CEO Vijay Shekhar Sharma Declares End of Cash Burn Ahead of Firm's Plans to Turn Cash Flow Positive

Paytm on Wednesday announced that the company would turn off its cash burn, while the company's founder revealed that the payments firm was "far ahead" on re-setting its strategy. Softbank-backed Paytm said last month that it plans to become free cash flow positive in the next 12-18 months.