Indian e-commerce platform Paytm Mall receives $222mn from Alibaba, Softbank

Popular Indian e-commerce platform, Paytm Mall, has received $222mn in investment from two Asian tech giants.

Japanese conglomerate SoftBank and China’s biggest retailer Alibaba Group Holdings are investing a total of $222mn (15bn rupee) in Paytm as part of an agreed $444mn (30bn rupee) commitment the companies announced in April.

See also:

Paytm to launch new retail offering as Walmart to invest in rival Flipkart

Softbank sells 20% stake in Flipkart to Walmart

Alibaba to double investment in Lazada Group with $2bn cash injection

According to China Money Network, Paytm Mall, which is owned by Paytm E-Commerce Private Ltd, is now valued at around $1.6-2bn.

According to a regulatory filing, the investment was made by three entities: Singapore Ecommerce Private Ltd, Softbank UK and SB Investment Holdings (UK) Ltd.

Softbank invested a total of $198mn and took a 21% stake in the company, while Alibaba’s investment totalled $24.68mn and its existing stake has changed to 46%.


Featured Articles

Twitter timeline – how Musk pulled off a hostile takeover

Elon Musk strikes deal to buy Twitter for US$44bn following four months of cryptic tweets, secret meetings and buying of shares – here’s the timeline

Top 10 Asia restaurants, from Tokyo’s Den to Bangkok’s Sorn

From Tokyo to Bangkok, with cuisines spanning Cantonese, Thai and German, we highlight Asia’s top 10 places to eat, as per Asia’s 50 Best Restaurants

Microsoft: what Asia leaders need to know about hybrid work

Microsoft’s 2022 Work Trend Index guides Asia leaders to navigating a hybrid future – from making the office worth the commute to rebuilding social capital

Meet the company: EV Nio to list in Hong Kong, enter Europe

Leadership & Strategy

12 Tech trends to watch closely in 2022, from CB Insights


Why Deloitte Australia’s HR technology is winning awards

Human Capital