Dhawan joins the first sponsor of Paytm SAIF
Bangalore: Sonia Dhawan who returned to Paytm in June of last year after being accused of data theft & blackmail , left the digital wallet company to work in a venture capital company SAIF partners , said people aware of the matter.
She has joined the venture capital firm as adviser — corporate communications. She will be working on communications & marketing for SAIF ’s portfolio companies, which include Paytm besides food delivery startup Swiggy , Logistic Company Rivigo , & home services company UrbanClap .
SAIF partners confirmed the development to TOI. Dhawan also confirmed to TOI that she joined SAIF earlier this year & that she left Paytm late last year. SAIF partners has been an early backer of Paytm since 2007 & are currently holds about a 20% stake in the company.
After getting bail in the case of extortion of Paytm founder Vijay Shekhar Sharma last year, she had joined the Noida-based company’s gaming business unit — Paytm First Games — as its head of corporate communications & marketing. Though Sharma had filed the case in 2018, he had told The Economic Times that she might have been a pawn in someone else’s plan.
Dhawan was also allotted employee stock option plans (ESOPs) of Paytm in June. She is out on bail right now as the case continues in court.