Elevation Capital COO Vivek Mathur has tendered his resignation from the Board of fintech startup Paytm. Mathur was the Alternate Director to Ravi Chandra Adusumalli, who is the Non-Executive Non-Independent Director of Paytm. The company said Mathur resigned since there was no requirement for an Alternate Director to Adusumalli. The latter will continue to remain on the Board of Paytm.