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US e-commerce company eBay buys 5.59% shares in Paytm Mall for Rs 1101 crore

Business

  • Paytm Mall is the e-commerce unit of Paytm, so far has raised funding of around Rs 5539 crore.
  • Alibaba’s 30.15% stake in Paytm Mall, SoftBank will remain 21% after eBay’s investment

new Delhi. US e-commerce company eBay has bought a 5.59% stake in Paytm Mall for $ 160 million (Rs 1,101 crore). Paytm e-commerce parent company of Paytm Mall gave this information in the regulatory filing.

Paytm Mall has so far raised $ 80.5 million (Rs 5539 crore) funding in three rounds. The Singapore-based company of Alibaba holds a 30.15% stake in Paytm Mall. SoftBank will have a 21% shareholding after eBay’s investment.

Rudra Dalmia, executive director of Paytm Mall, says that we are proud of disciplined investors like eBay and Alibaba who have been consistently focusing on profits for many years. Their direction and support is important to us.

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