The online retailer has added eBay to its shareholders after the online auction platform purchased a 5.5% stake in return for a reported $150m to $200m investment.
Online auction portal eBay has paid between $150m and $200m to acquire a 5.5% stake in India-based e-commerce platform Paytm Mall, TechCrunch reported today.
The transaction valued Paytm Mall at $3bn, a source told TechCrunch.
Paytm Mall was formed by mobile payment platform Paytm in 2016 as an online marketplace for brick and mortar stores, though the company has since been restructured into a separate subsidiary of One97 Communications, the online services group that also owns Paytm.
In recent months,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
