US e-commerce giant eBay is in discussions to lead a $160-170 million strategic investment in online retailer Paytm Mall as it eyes opportunities in offline-to-online commerce and payments space in India, The Economic Times reported on Monday.
Paytm founder Vijay Shekhar Sharma had secured the board’s approval to bring in a new strategic investor in December last year, as the firm did not expect a fresh capital infusion from existing investors Alibaba and SoftBank.
