comscore Paytm receives final tranche from $445 million funding from SoftBank, Alibaba
News

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

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

  • Published: June 13, 2018 8:32 AM IST
paytm-stock-image

Paytm Mall has received the final tranche of its USD 445 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on giants like Flipkart and Amazon. Also Read - Paytm app back on Google Play after short pulldown concerning policy violations

In April, Paytm Mall had closed USD 445 million funding round from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce. Also Read - Paytm assures it will be back after being removed from Google Play Store

According to the latest documents filed with the Registrar of Companies (RoC), Paytm E-commerce — which runs Paytm Mall — has issued a total of 237,705 shares to SB Investment Holdings (UK) and Alibaba.com Singapore E-commerce as part of the fourth tranche. Also Read - Flipkart shares customer behavior insights post coronavirus lockdown; here is everything we know

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

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

Previously, a Paytm E-commerce filing had showed that an aggregate amount of USD 400 million (about Rs 2,600 crore) was to come from SB Investment Holdings (UK) and its affiliates. Another USD 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 Flipkart and Amazon in the Indian e-commerce market.

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

This is published unedited from the PTI feed.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: June 13, 2018 8:32 AM IST



new arrivals in india

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

14,999

Oppo F17
Oppo F17

17,990

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers