After the Indian government banned 59 Chinese apps, Indian businesses with Chinese investments were brought under the scanner. One of the prominent apps being attacked is Paytm.
According to reports, its shareholders include Ant Financials, SoftBank Vision Fund, SAIF Partners, Vijay Shekhar Sharma, AGH, Berkshire Hathway and others.
The biggest shareholder Ant Financials, which was formerly Alipay, is an affiliate company of the Chinese Alibaba Group. Paytm is being attacked over the same.
Many people took to Twitter for defending the app citing the founder being Vijay Shekhar Sharma who is the president and CEO with Ajay Shekhar Sharma being Vice president.
Among those defending is Venture capitalist Anand Lunia who wrote a series of tweets to talk about companies being trolled for having funds from Chinese investors. He elaborated on how the companies being attacked are Indian as they are answerable to the country's law even if they have Chinese investment.
Other apps being targetted include Swiggy, Zomato, Flipkart, Ola and ShareChat.
Earlier, Vijay Shekhar Sharma had lauded the government's move to ban Chinese apps by calling it a "bold step in the national interest. A step towards Atmanirbhar App ecosystem".