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Key Investors Alibaba, Ant Group exit Paytm Mall
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Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit

Name: Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit
Uploaded: 2022-05-17T17:02:13.000+05:30
Duration: T00M31S
Channel: Editorji News Desk
Description: Paytm's Vijay Shekhar Sharma feels the actual heat as his e-commerce business, Paytm Mall’s valuation drops from $3 Bn to $13 Mn with its lead investors Chinese internet giant, Alibaba and investm...

Jack Ma was one of the oldest investors in the Vijay Shekhar Sharma-led ecommerce firm, putting in $200 million at a $1 billion valuation in its first fundraise in 2017

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit

Paytm's Vijay Shekhar Sharma feels the actual heat as his e-commerce business, Paytm Mall’s valuation drops from $3 Bn to $13 Mn with its lead investors Chinese internet giant, Alibaba and investment firm, Ant Financial taking an exit from the firm.

According to report, Paytm E-commerce bought back the entire stake of Alibaba (28.34%) and Antfin (Netherlands) Holding (14.98%), a total of 43.32%, for ₹42 crore.

About Paytm Mall

Vijay Shekhar Sharma had launched Paytm Mall in 2016 to leverage the accelerating online shopping behaviour trend and was able to secure $500 million in a fund-raising round led by SoftBank and other investors giving the company a unicorn tag.

In total, Paytm Mall raised $800 million from various investors such as Alibaba, Ant Financial, SoftBank, Elevation Capital (SAIF Partners), and eBay.

Frequently Asked Questions

What is Paytm Mall?❯

Paytm Mall is an e-commerce business launched by Vijay Shekhar Sharma in 2016 to capitalize on the growing trend of online shopping.

When was Paytm Mall launched?❯

Who were the lead investors in Paytm Mall?❯

How much did Paytm Mall raise in total from investors?❯

What was the valuation of Paytm Mall before the exit of key investors?❯

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Paytm Mall: 99.5% valuation decline as key investors Alibaba, Ant Group exit

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