eBay in talks to lead up to $170m investment in Indian online retailer Paytm Mall

eBay in talks to lead up to $170m investment in Indian online retailer Paytm Mall

Vijay Shekhar Sharma at the Asia PE-VC Summit 2018 organised by DEALSTREETASIA

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.

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