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Paytm E-commerce to raise up to $200 million from Alibaba

Paytm E-commerce to raise up to $200 million from Alibaba

Friday, February 3, 2017, 9:56 AM

Paytm E-Commerce Pvt. Ltd is in talks to raise up to $200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd. This will value Paytm E-commerce at about $1 billion. The funding round will take the stake of Alibaba and its affiliate Ant Financial in Paytm E-Commerce, to more than 50% from 42%.
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