Paytm delists 85,000 sellers from online shopping platform
Paytm Mall, the online shopping arm of Paytm, has delisted about 85,000 sellers from its platform on failing to meet quality standards. According to Paytm, the move was part of its strategy to revamp seller registration and all its sellers will now have to furnish brand authorisation letters. In March, Paytm e-commerce raised $200 million from Alibaba and SAIF Partners.