eBay invests $150 million in Paytm Mall

18 Jul

eBay invests $150 million in Paytm Mall

US-based online marketplace eBay is picking up 5.5% stake in Paytm Mall for an undisclosed amount in its third bet on India’s e-commerce market over the last decade after backing Snapdeal in 2014 and Flipkart in 2017. The deal size is pegged at a little over $150 million and will value the Noida-based company, backed by China’s online commerce giant Alibaba and Japan’s Softbank, at close to $3 billion, according to sources familiar the development.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LZLl7M

Leave a Reply

Your email address will not be published. Required fields are marked *

Skip to toolbar