Paytm Mall valued at $2 bn, raises Rs 29 bn from SoftBank and Alibaba

The company says it will deploy the funds for empowering shopkeepers with superior technology and building logistics, strengthening the Paytm Mall brand and bringing an improving customer experience

E-commerce player Paytm Mall has raised about Rs 29 billion from SoftBank Investment Holdings and Alibaba.com Singapore in a deal valuing Paytm’s online shopping venture at $2 billion.

According to a regulatory filing by Paytm Mall, an aggregate amount of $400 million (about Rs 26 billion) has come from SB Investment Holdings (UK) and its affiliates, including SoftBank Vision Fund. About $45 million (about Rs 2.9 billion) has been pumped in by Alibaba.com Singapore E-commerce.

The deal, executed through a private placement offer, values Paytm Mall at over $2 billion. Paytm Mall COO Amit Sinha said the latest investment led