Paytm Mall raises $110 million from SoftBank, Alibaba
Japan's SoftBank and China's Alibaba have together invested $110 million in online marketplace Paytm Mall. The latest funding is the third of the four tranches of its larger $445 million funding round, according to filings. This brings the total funding raised so far to $220 million, increasing SoftBank's stake to 11.99% and reducing Alibaba's stake to 50.8% in Paytm Mall.