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SoftBank, Alibaba to invest $445 million in Paytm E-Commerce

SoftBank, Alibaba to invest $445 million in Paytm E-Commerce
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SoftBank Group is investing $400 million (26.05 billion Indian rupees) in India’s Paytm E-Commerce Pvt. Ltd. in a funding round that will value the online retailer at roughly $1.9 billion, a regulatory filing showed on Monday. Alibaba , an existing investor in Paytm E-Commerce, is also putting in $45 million in the round, the filing showed.

Read the full story at https://timesofindia.indiatimes.com/business/india-business/softbank-alibaba-to-invest-445-million-in-paytm-e-commerce/articleshow/63586953.cms

SOURCE:Times of India

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