Paytm Mall raises $445m from SoftBank, Alibaba; valuation soars to $1.6-2b

Paytm Mall raises $445m from SoftBank, Alibaba; valuation soars to $1.6-2b

Paytm founder Vijay Shekhar Sharma. Photo: Pradeep Gaur/Mint

Online retail firm Paytm Mall has received a capital commitment of about Rs2,900 crore (about $450 million) from Japan’s Softbank Group Corp. and existing investor Alibaba Group Holding Ltd in a new round of funding that will come in four tranches, official documents show.

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