Paytm Mall raises $445 million from SoftBank, Alibaba
Paytm-owned online marketplace Paytm Mall has raised $445 million in a financing round led by Japan's SoftBank along with participation from Chinese e-commerce giant Alibaba. As per the deal, SoftBank will hold 21% while Alibaba will own around 46% stake in the e-commerce company. The deal will reportedly value Paytm Mall at $1.9 billion.