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Ecommerce

Paytm Mall to partner BigBasket and deepen existing partnerships

Friday 31 August 2018 | 02:00 PM CET

Paytm Mall has revealed the plans to deepen ties with regional retailers in India as well as partner with online grocer BigBasket.

Patym Mall, the ecommerce venture owned by Paytm E-Commerce and backed by Alibaba, is one of the main players in India’s rapidly-growing ecommerce space. The company already has a revenue sharing partnership with Future Retail and is now set to forge a partnership with BigBasket, also backed by Alibaba, according to Reuters.

The India-based company from the ecommerce sector is tipped to grow to USD 200 billion in a decade and has attracted global investors such as Alibaba, Tencent, Tiger Global, and SoftBank.

Paytm E-Commerce’s biggest investor is Alibaba Group, while SoftBank and SAIF Partners are other investors.

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