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3 April 2018

Paytm Mall pockets $445m

SoftBank is putting $400m into Paytm Mall, while Alibaba is providing the remaining $45m, with the total amount falling short of the $500m to $600m the company was reportedly seeking.

Author: Thierry Heles, Reporter

India-based online retailer Paytm Mall has raised $445m in a funding round led by telecoms and internet group SoftBank with a $400m commitment, Reuters reported yesterday citing a regulatory filing.