Paytm Receives $445 Million Funding From SoftBank And Alibaba | CashKaro News Network

0
15446

Source: Google

Paytm E-Commerce which runs Paytm Mall has received a final tranche of about Rs.3000 crore funding from SoftBank and Alibaba.com Singapore E-Commerce. A total number of 2,37,705 shares were issued to SB Investment Holding (U.K) and AliBaba.com Singapore while 2,11,293 shares were issued to SB Investment Holding and remaining 26,412 to Alibaba.com Singapore. Other significant shareholders of Paytm are Alipay Singapore E-Commerce, Vijay Shekhar Sharma, and SAIF Partners. The funding is significant for Paytm Mall to compete with E-commerce giants like Amazon and Flipkart.

Source: ET Rise

LEAVE A REPLY

Please enter your comment!
Please enter your name here

seventeen + 4 =