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Ecommerce

Paytm E-Commerce gets USD 445 mln investment from SoftBank, Alibaba

Tuesday 3 April 2018 | 12:37 PM CET

SoftBank is investing USD 400 million in Paytm E-Commerce in a funding round that will value the online retailer at roughly USD 1.9 billion, a regulatory filing showed.

Alibaba, who already holds a stake in Paytm E-Commerce, is also investing USD 45 million in the round, the filing showed.

SoftBank, which is among major investors in India's fast-growing e-commerce sector and already owns a stake in Paytm's parent, confirmed investing in Paytm Mall, the brand name under which Paytm E-Commerce operates an online marketplace.

A filing with India's Registrar of Companies showed SoftBank units will get a 21.1% stake in Paytm E-Commerce after the investment, which would come in four tranches.

Alibaba.Com Singapore E-Commerce, which currently owns 36.3% of the Indian e-retailer, will remain the single largest shareholder of Paytm E-Commerce but with a relatively smaller stake of just over 30% after its latest investment is completed, in four tranches.

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