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Paytm receives final tranche from $445 mn funding from SoftBank, Alibaba

In April, Paytm Mall had closed $445 million funding round from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce.

Press Trust of India  |  New Delhi 

Paytm
Paytm | Photo: Wikimedia Commons

Mall has received the final tranche of its $445 million (about Rs 3,000 crore) funding from and Alibaba, a move that will give the of more financial muscle to take on giants like and

In April, Mall had closed $445 million funding round from Investment Holdings and com Singapore

According to the latest documents filed with the Registrar of (RoC), Paytm -- which runs Paytm Mall -- has issued a total of 237,705 shares to SB Investment Holdings (UK) and com Singapore as part of the fourth tranche.

The issuance of 211,293 shares to SB Investment Holdings and 26,412 shares to the entity was approved by the Board of Paytm E-commerce on June 6, 2018, the documents added.

Emails sent to Paytm Mall, and Alibaba did not elicit a response.

Previously, a Paytm E-commerce filing had showed that an aggregate amount of $400 million (about Rs 2,600 crore) was to come from SB Investment Holdings (UK) and its affiliates. Another $45 million was to be pumped in by Alibaba.

The entire transaction was split in four tranches, the last of which has come in now.

After the fourth tranche, SB Investment Holdings has a 21.13 per cent shareholding, while Alibaba.com Singapore E-commerce has 30.15 per cent share.

Other significant shareholders include Alipay Singapore E-commerce (15.9 per cent), SAIF Partners (18.67 per cent) and Paytm founder Vijay Shekhar Sharma (9.66 per cent).

The funding will be significant for Paytm Mall to expand its operations as it competes head-on with larger rivals like and in the Indian e-commerce market.

While the sector is still in a nascent stage, analysts expect it to grow to $200 billion in over a decade.

First Published: Tue, June 12 2018. 23:15 IST
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