Paytm appoints members to its board

Paytm has made three high-profile appointments to its board, Ruchi Sanghvi, the first woman engineer at Facebook, WhatsApp global business head Neeraj Arora and InMobi founder Naveen Tewari  as the mobile commerce company looks to compete with the big boys of online retail in India.

"We are a young company and need help in scaling Paytm to become India's most dominant mobile internet company," said Vijay Shekhar Sharma, founder and CEO of Paytm. "Ruchi brings a great tech and product background, Neeraj is one of the best-connected Silicon Valley Indians and Naveen knows how to build a world-class organization from India." In addition to Sharma, the Paytm board included Ravi Adusumalli and Vivek Mathur of Saif Partners.

Noida-based Paytm, which in February raised Rs 3,600 crore from Chinese e-commerce giant Alibaba's affiliate Ant Financial Services Group at an estimated valuation of over $1.5 billion. It is looking to go head-to-head with Flipkart, Snapdeal and Amazon are the the top three players in the Indian online retail market.