E-commerce industry in IndiaAs per the reports from Morgan Stanley Indian e commerce market will be 200 billions US dollars by 2026. Indian e commerce market will grow 30% in terms of gross Merchandise value. Overall value of the Indian e commerce market is expected to cross 50 billion dollar by 2018. Trillion dollar industry
Market size of industry the online shopping will increase by 30% by the year 2018 at will reach 8.7 trillion USD. The Indian internet market reach 90 million by 2018, travel industry has the highest market share in terms of the online payment and 30% is acquired by other online players related to furniture, grocery, e-tail etc.
Amazon Amazon is placed at first position in the list of top 10 e-commerce companies of India. In the last 2 years amazon has completely focus on bringing new products on the website, this step help them to retain customers.
Second step taken by the Amazon to come to other E-Commerce companies are improving their delivery service, with the launch of Amazon Prime, company has provided one day delivery option to the customers. This means if you are a amazon Prime member and you have order sum product from the Amazon website then they will make sure that product will be deliver within next 24 hours.
To counter the Flipkart, amazon global has invested more than 8500 crore in the amazon India.
Seeking to create the vastly client centric web destination and marketplace for users to explore and find anything on this famous virtual store, it assures to offer everything, providing plenty of options and choices, at lower prices, insuring reliable and faster delivery and lend a convenient and trustable experience along with providing sellers with a top notch and renowned e-commerce marketplace. It also deals in offering consumer products such as Fire tablets, Amazon Kindle e-readers, Fire TV etc. that is world's biggest provider of cloud infrastructure services. Set up in year 1994, in year 2018, it is known to release a popular streaming service reckoned as Amazon Music Limited. Counted among one of the reputed and most popular one stop platforms to buy almost everything, it has actually created a user base of more than 30 million people in a span of years.
Flipkart the perfect example of a Startup that has grown thousand times in last 10 years. The journey of Flipkart is amazing, it was started with the small eCommerce website that sells books and presently it is the largest e-commerce website of India. Recently flipkart has received funding of 10 billion dollars which the company will use to enhance your technology, delivery bringing new product on the website.
In year 2015, as per the information it has bought a minority stake in route optimization and Navigation start-up acknowledged as MapmyIndia assisting to improvise and upgrade its delivery utilizing its assets. In 2014, the platform introduced its own set of mobile phones, tablet and Phablet. The foremost tablet series and phones that were introduced was Digiflip Pro XT 712 tablet. Also, it introduced its first wireless networking router in July 2014 under its own acknowledged brand name DigiFlip WR001 300 Mbit/s.
- Establishment – 2007
- Website: www.flipkart.com
Jabong: Jabong is pleased at the 4th position and the list of top 10 eCommerce companies of India. Jabong was launched in the year 2012 by the rocket internet and recently e-commerce market consolidation happened in India and jabong was takeover by Flipkart. Even after the merger of jabong and Flipkart, jabong is running the website as separate entity. Jabong theme revolves around fashion from where you can buy ethnic wear, clothing, footwear, bags, sunglasses and makeup products.
Myntra: Myntra is another prominent e-commerce company that sells fashion related products. It was founded in the year 2007 by Mukesh Bansal. In 2014 Flipkart has acquired Myntra to expend their business. Flipkart has took this decision because maximum people are buying fashion products online.In Present scenario, consolidation has happened and Flipkart, Jabong and mantra are working as a one unit and trying to capture market share of growing e-commerce industry of India
Zomato: Zomato is another eCommerce company that has achieved amazing growth in last few years. Zomato is a platform through which you can order food online, the partner restaurant will deliver the food at your doorstep on behalf of Zomato. Initially zomato started as a Discovery platform that only provide information about restaurants and later it enter in the food delivery business. Recently zomato has launched gold membership in India and in which zomato team has tie up with prominent restaurants of Delhi, Mumbai, Bangalore. If you are Zomato gold member, then featured restaurants will provide you one meal free on the meal you buy, means if you buy paneer Tikka from one restaurant then you can avail free item of the same value.
Cash on Delivery – Customer will pay once he receive the product.
MakeMyTrip: MakeMyTrip is leading e-commerce company that basically sells air tickets, bus tickets, holiday packages, train tickets. MakeMyTrip started in the year 2000 and has head office in Gurgaon. Company was founded by deep Kalra who was man alumina of Indian Institute of Management. Company is listed in NASDAQ and has 1805 working in different teams of company. Recently MakeMyTrip has acquired ibibo group to become largest player in Indian travel industry. In the past company has acquired holiday IQ, ITC group, hotel travel group and Mygola.
Swiggy: Swiggy which is a food Tech e-Commerce player has achieved a tremendous growth in last 2 years. The real time tracking of the delivery of food is the major backbone of swiggy business. Swiggy has their own delivery setup, when customer order from swiggy, then its delivery boy pick the food from the restaurant and deliver the same to the customer. Swiggy has been providing services in all the metro cities of India that is Delhi,Mumbai, Pune. In recent funding Swiggy have received 100 million US dollars from Naspers and Meituan.
Shopclues is another prominent player of e-commerce industry. It was started in the year 2011 by Sandeep and Radhika Agarwal. Shopclues deliver products at more than 30000 pin code across the India and 60% business generating in ShopClues from mobile app.Company has three fulfillment centres in Pan India, till date company has raised over 10 million dollars from different VC funds and presently it has valuation of 1.1 billion US dollars.More than 5 lakh sellers are associated with the company and they are selling their products in 9 different categories that include mobiles, electronics,computers, camera etc
BookMyShow: BookMyShow is placed at 10th position the list of top 10 eCommerce companies in India. BookMyShow you can buy movie tickets, tickets of a sports event etc. It was started the you are 1999 and has ruled the ticket booking industry from last few years. Recently paytm has added the ticket booking facility on the platform I am giving tough competition to book my show. With this fight both are companies are giving some discount on online ticket booking and hence benefited the customer. Company has head office in United States and in India their office in Mumbai.
EBay is another prominent E-Commerce company of India, basically eBay asian American E-Commerce company that has started operation in India under The E-Commerce segment with the domain name ebay.in
Company has very good product range, you can buy fashion products like sport products, digital camera, baby items, electronics and cars. All the prominent National and International brands are associated with the eBay and has been selling their products online. You can pay the product cost buy credit card, debit card, online wallets and by cash on delivery.
Cleartrip - cleartrip travel eCommerce company from where you can book flight tickets, bus tickets, hotels, train ticket etc. To buy the train ticket customer have to login in Cleartrip through IRCTC login. Clear to several campaigns under which you can avail discount mainly in the form of cash back while booking through the website.
Caratlane is one of the prominent jewellery website from where you can buy artificial and gold jewellery. The best part voice searching jewellery on caratlane, you have a huge variety of designs in which you will choose the best one. Company also runs several campaigns in the season that boost the sales of the company. You can buy earrings, rings, pendants, bangles, bracelets, chains, nose pins, mangalsutra. During the season, caratlane also provide give discount on online order.
Infibeam is another prominent E-Commerce company of India that has been working across b2B and b2c vertical. This is the only company which is listed in stock market because they could able to generate profit for 3 consecutive years. In the b2c business company is selling all kind of products such as mobiles, tablets, electronic items, clothes, kitchen items, baby care products etc. In the B2B segment, company has launched cloud product on which users can build their website. This is one of the profitable segment of the company through which they could able to generate a good revenue.
Yebhi is a growing e-Commerce company from where you can buy men's shoes, jeans trousers, jackets and all the fashion product that you can think. Computer started in the year 2010 and able to sustain in the competitive eCommerce market from last 8 years, where everyday some startup shutting down their operations.
Kraftly is a growing E-Commerce company that has been selling all kind of products online. It was started by Gaurav, Sahil and Vishesh in the year 2015. Together they have launched three companies that include Kraftly, Kartrocket and Shiprocket. In Kraftly, Sahil and Vishesh are co founders and Gaurav is chief operating officer.
Togoforgo.com is a good website to buy mobile phones. Where you can buy both new handset and the box opened. Website has complete search functionality under which you can find the mobile as per your requirement on the basis of screen size, price, brand and operating system.
Croma store is a online store of Tata enterprise from where you can buy mobile phones, electronic items - laptop, tablets, printers etc. If you are planning to buy the product, must visit croma.com and select the desirable product. From Website you can buy through credit card, debit card net banking and wallets like Paytm. The warranty of the product will remain same if you buy from Croma store or online.
Smartshopper is a growing e-Commerce company that has been selling cameras of all the prominent brands under one roof. From the website also buy camera lenses, monopods, tripods, camera bags, camera pouches, memory cards, flashlights. This website is stop solution for all the photographer. While purchasing the product you can made payment by credit card, debit card, net banking and EMI option available.
The main attraction of the website are flycam drones. Also for all the products companies providing free shipping and also providing products discounted prices. For any support while making a purchase on website, you can directly call only support number 044451 20449. We suggest you to subscribe newsletter from the site to get the latest information about there offerings
IRCTC which is Indian Railway Catering and Tourism Corporation has been placed among e-Commerce companies because they started selling food items online. Through the E catering platform you can order food in train and their vendor deliver the food at your train seat. You can order food from the website mobile app and call centre, during the season time company also provide heavy discount. Beside this from IRCTC website you can also buy the travel package the prominent destinations of India.
Groffers is one of the leading E-Commerce firm that works in grocery segment. Company was started in the year 2013 and has seen amazing growth in the last 5 years, till today company has received funding of 241 million dollars from the prominent investors of industry like softBank and sequoia capital. Albinder Dhindsa, Saurabh Kumar are the founder of the company and they have a head office in Gurgaon. From the official website/ mobile app of the company you can buy grocery product like atta, milk, vegetables, oil, daily need products, dairy Milk products, beverages, juices etc.
For new users, Grofers is providing a discount of 20% cashback and for this you need to apply the new user coupon. The deal is applicable for both mobiles site, website and mobile app. After adding products in the past that you want to buy, you can pay the amount by using credit card, debit card, online wallet and also use the method of cash on delivery. Within 24 hours the delivery unit of grofers will deliver your products at your doorstep.
Latest Funding NewsThe Ken is a news company that provide subscription for latest business news has raised $1.5 Mn Series A funding round led by Omidyar Network. Company will use the funding to strengthen their technical operations and for fresh hirin
In the previous round of funding, The Ken has raised $650.46K (INR 4.46 Cr) from around 15 angel investors including Aprameya Radhakrishna, Deepak Natraj, Girish Mathrubhootham, Mahesh Murthy, Pallav Nadhani, Pavan Ongole, Sandeep Mathur, Shan Krishnasamy, Shanmugam Nagarajan, V Balakrishnan, and Vijay Shekhar Sharma.
Unacademy is a growing edtech startup and has based out in Bangalore. Currently Unacademy has more than 300,000 lessons, 3 Mn registered users and 14,000 educators.Company is planning to expend their business by providing material for courses of pre-medical, GATE, and CAT. Recently Unacademy has raised $21 Mn in Series C funding from Sequoia India, SAIF Partners, and Nexus Venture Partners
Magic Crate which is a Bengaluru-based education startup has raised an undisclosed amount of funding led by FireSide Ventures.Magic Crate was started in 2015 by Viswanathan Ramakrishnan and ex-McKinsey consultant Karthik Lakshman.
Indian Startup Funding Of The Week [09- 14 July 2018]
Groww is a leading Bengaluru-based online investment company through which users can invest in Mutual Funds, SIP etc. Recently company has raised $1.6 Mn in a pre-series A round of funding from Insignia Ventures Partners, Lightbridge Partners, Kairos.
IndiaLends is a personal loan providing company has raised $10 Mn in a Series B round of funding. ACPI Investment Managers and Ganesh Ventures, Amex ventures, DSG Consumer Partners and AdvantEdge Partners has participated in this round of funding and company is planning to use these funds to strengthen their technology and beckend operations.
Boodmo is a prominent startup through which users can buy cars spare parts. Company has raised $729.6K (INR 5 Cr) worth of investment through FDI.
5th Vital is a well known healthcare services startup has raised $250K from Brand Capital.
Zippserv is a real estate risk assessment platform has raised pre-Series A funding of $440K (INR 3 Cr) from Info Edge (India) Ltd.
Genext Students is a Mumbai-based hybrid tutoring platform has raised $250K in a bridge round of funding.
Magic Crate is another well known education startup has raised an undisclosed amount of money in its third round of funding led by Fireside Ventures and 3one4 Capital.
Indian Startup Funding Of The Week [2-7 July 2018]Scale Labs is a prominent Gurugram-based cross-border eCommerce company that enable game a small retailers to sell their products across 32 B2B and b2c market rates that includes amazon and eBay. Recently company has raised $ 1 Mn seed funding from the GPA Group. The company will use these funds to extend their business, development of its technology product.
Biryani by Kilo is a food chain based out in Gurugram has raised $1 Mn in a pre-series A round of funding from Ajay Relan. Company will use these funds to open 20 stores in metros and big cities by March 2019.
Hubhopper is a well-known content-aggregator platform and has raised undisclosed amount of funding from Mumbai-based venture capital firm Unit-E ventures.
Leena AI is a Gurugram-based HR Tech startup has undisclosed amount of funding from Y-Combinator.
GoBumpr is a well know automobile aftermarket platform that that is based out in Chennai. Company has raised $600k in Pre-Series A funding from Promenade investor like – The Chennai Angels (TCA), Keiretsu Forum. Company has been doing 7000+ B2C transactions monthly a business of INR 3 Cr in billing value.
HungerBox is a b2B Foodtech company that has raised $4.5 Mn in Series A funding round led by South Korea-based investment firm Neoplux and Sabre Partners. Company provide e catering services to the corporate at the different level.
Indian Startup Funding Of The Week [25-30 June 2018]
Wholesome Habits Pvt. Ltd is a mumbai base startup that has raised $500K in a Seed round of funding from Sprout Venture Partners. Companies are planning to use this funds for marketing, branding to enhance the distribution network.
Eggoz is a agritech startup that has raised $175.3K (INR 1.2 Cr) from a clutch of angel investors including Narendra Sankar, Sunil Mishra, Vishal Sharma, Anurag Jhanwar and Mohini Jhanwar.
SigTuple is a Bangalore based tech startup that provides data driven analytics to the Healthcare industry. In the recent round of funding company has grabe a investment of INR 130 Cr in a Series B funding round led by Accel Partners and IDG Ventures.
Paytm Entertainment has received the funding of 61 crore from its Parent company one 97 communication to extend there ticketing business. The company has a target to sell 100 million tickets for the end of the year and to achieve this we are working hard and doing partnership with prominent Multiplex chain.
HipBar is a growing chennai via startup that has been in the field of digital payments installing the need of alcohol industry. Recently hipbar has received the funding of(INR 270 Mn) from Diageo India.
Sqrrl another growing fintech startup that is based on in Gurgaon and had received a investment of $1 Mn in its Pre-Series A round of funding from Equanimity Venture Fund.
RentSher raises $1.1 million in funding from Shorooq Investments, Latitude Consultants and other angel investorsRentsher - Online platform through which you can take things on rent such as laptop, computer, projector, servers has received dollar 1.1 million funding from Shorooq Investments and Latitude Consultants. Both the Angel investment firms are from Dubai. Company will plan to use these funds to enhance their technology and to expend their business. Company is also planning to expand their operations in 6-8 tier 1 cities by the end of 2018.
Company started in the year 2014 in the last 4 years and has seen excellent growth. Company has a customer base of 60 thousand and has rented over 100000 products in the past few years to the customer across India and UAE.
Rentsher has also claimed they have month on month growth of 15 to 20 % in the year 2017.
Online Fashion Store FabAlley Records EBITDA Profitability, GMV Of $11.85 Mn In FY18FabAlley which is the largest online fashion e-Commerce company of India has record EBITDA profi with Gross merchandise value of 80 crore
As per the reports 30% business of the company came from offline channels and 70% came from the online challenge. Company has tie up with future Group and Shoppers Stop, has been selling their products on their offline stores. Company will focus on to increase their offline sales up to 50% in the next one year.
Company was founded in the year 2012 by Shivani Poddar and Tanvi Malik and it is the first eCommerce company that has hit the profitable target of the scale.
Company is planning to combine their online and offline warehouse. In upcoming time, customer will have the option to buy the product online and to replace the same at the store.
Amazon Fuels Its Food Retail Arm In India With $1.5 MnAmazon with a aim to capture complete ecommerce market of India has infused $1.5 Mn ($10.5 Cr) in its Indian food retail arm, Amazon Retail India. Amazon Retail has implemented its pilot project in Pune where they have sold locally made food to the consumers and in upcoming months company is planning to rollout this in the complete India.
Paytm Acquires Alibaba-Owned TicketNew To Amplify Its Ticketing BusinessTicketNew chennai based online ticketing platform that has tie up with prominent multiplexers chain of South India. Was started in the year 2007 and as a team of 100 + employees. In the year 2017 alibaba group Limited has acquired maximum stake in the ticket new in an undisclosed amount of funding.
Recently paytm as acquire ticketNew in 120 crore, this move will help the Paytm to acquire 40% stake or online entertainment ticketing industry. In the South India, paytm has tieup with well known multiplex chains including Suresh Productions, V Celluloid, SVC, and Anusri Cinemas. Paytm has presence in 660 cities. Paytm has achieved 500% growth in online ticket sales in 2017 and has solde over 52 Mn movie and events tickets.
Happy Indian Startup because they have received Funding in This Week [23-28 April 2018]
In this week several startup received more than $64.2 million in several round of funding. Overall this is a good week for the Indian startup companies
Capital Float but work in a financial domain hasraising the biggest funding round of $22 Mn in the Series C funding round from Amazon Inc.
ShoeKonnect is a B2B Marketplace mainly that sells products of leather has raised $460K from Info Edge (India) Ltd.
PayMe India has raised $2 Mn in funding from Singapore-based angel investors.
Hasura raised $1.6 Mn in a Seed round of funding led by Nexus Venture Partners.
POPxo online community for women has raised $5.5 Mn in a round of funding led by Neoplux (Doosan Group, Korea) and OPPO (China). The first time leading mobile Oppo has invested in Indian startup.
Emotix:is a robotics startup has raised $2 Mn funding led by IDG Ventures India and YourNest.
Pitstop has raised $1.6 Mn in a Pre-Series A funding round from Blume Ventures and Singapore-based Goldbell Group.
Nykaa is a prominent beauty startup and has raised $11.32 Mn (INR 75 Cr) from Sunil Munjal’s, Dalip Pathak.
Visit: Delhi-based AI-powered chatbot has raised funds from Twitter co-founder Biz Stone, Kunal Bahl and Rohit Bansal.
RailYatri is a mobile app that provide information about Indian Railway. This app is quite useful for the Train Travelers. RailYatri has raised Series B funding led by Omidyar Network.
Doxper has raised $1.1 Mn in a Pre-Series A funding round by Vidal Healthcare.
Segment : healthtech startup
Utter has raised $824.48K from Unitus Seed Fund.
Segment : chatbot-based edtech startup Utter
Mihuru has raised $150K, companies planning to use this funds to strengthen there technology and backend. Location: Mumbai
Segment: travel fintech
From 16 April to 21st April 2018, 70 startup company has able to close deals of dollar 86 million in 7 funding rounds. Several top investors has participated in various funding rounds.
First in the list is CoverFox, which is a insurance brokerage platform has raised $22 Mn in a Series C funding round. Investors : IFC,Transamerica
True Balance: True Balance is a mobile balance management service startuphas raised $23 Mn in a bridge round of funding.
Investors : Line Ventures Corporation, Korean search engine Naver, Korean lender Shinhan Bank and TS Investment
Startup Location: Gurgaon
Affordplan: Raised $10 Mn in Series B round of funding led
Investors : Lok Capital, Omidyar Network, Prime Venture Partners and Kalaari Capital
Startup Location: New delhi
Fyle: Raised $1.1 Mn in funding
Investor: Pravega Ventures and Beenext, Girish Mathrubootham.
Area : Bengaluru-based expense management startup
Pando:Raised $2 Mn in a Seed round of funding
Investors: Nexus Venture Partners, Kashyap Deorah at Hypertrack, Girish Mathrubootham at Freshdesk, Nishant Rao at Sirion Labs and P Balaji at Vodafone (Ex-Nokia, Sony Erickson India MD)
About: Bengaluru-based startup works in the area of digitising the logistics operations fo Fortune 500s company
AgNext: AgNext raised an undisclosed amount of Series A
Focus area : Company will use this funds to enhance product in the data analytics in agriculture space.
ShopX: ShopX raised $2 Mn (INR 13 Cr) in funding
Investo : Nandan Nilekani
Location: Bengaluru-based ecommerce startup
Chai Point: Chai Point raised $20 Mn in Series C round of funding
Investers: Paragon Partners, Eight Roads (Fidelity’s India PE arm), Saama Capital and DSG – also participated in this round. Focus area to use funding: Improving the sales, marketing and service operations for its beverage dispensing business
Startuo Type: Tea retailer
Lynk: Raised $3 Mn (INR 20 Cr) in funding
Investor: Ramco Group, P.R. Venketrama Raja (Chairman – Ramco Systems) and his son Abinav Raja -the Co-founder of Lynk
Location: Chennai-based logistics startup
Cogoport: Cogoport raised an undisclosed amount of Series A funding
Investors: Accel Partners.
Focus area to use funding: Developing new product and business expansion
Location: Mumbai-based freight logistics startup
CureFit: CureFit Raised $632.8K from Flipkart co-founder Binny Bansal and Myntra-Jabong CEO Ananth Narayanan.
Location: Bengaluru-based fitness startup
Sleepy Owl: Sleepy Owl raised $500K (INR 35 Mn) in seed funding
Investors: DSG Consumer Partners (DSGCP).
Focus area to use funding: product development and expansion of manufacturing capabilities
Location and type: Delhi-based cold brew coffee company
MamaEarth: MamaEarth raised $250K
Investor: Bollywood actress Shilpa Shetty Kundra.
Focus area to use funding: Enhance awareness of the brand, expand product categories
Location and type: Delhi-based online baby care products startup
PregBuddy: PregBuddy raised an undisclosed amount in a Seed round of funding
Investors: Rajan Anandan, an IAN Member & MD Google India; Madhusudhan Kannan, Chief Business Officer of Uber India & Emerging Markets; Jayant Kadambi, Co-Founder & Chairman of YuMe and Puneet Gupta, COO (News Business) of Times Internet Limited
Focus area to use funding: Expand its team in fields of technology, marketing, and business development
Location and type: Bengaluru-based healthcare startup for mothers
MBLOOD: MBLOOD raised $75.7K
Investors: SPPLJ Charitable Trust, Chennai
PaisaDukan: Raised $650K through Angel Funding route.
Area for the use of funding : Enhancement in the marketplace platform and mobile app development.
Location and type:Mumbai-based fintech startup
Icanstay.com: Raised a fresh round of funding of $197.84 (INR 1.30 Cr)
Investors: Manoj Prasad
Location and type: New Delhi-based hotel aggregator
Google Leads Series C Funding In O2O Fashion Ecommerce Startup FyndFynd a leading O2O fashion ecommerce platform has made buzz in the market because the searching giant Google has invested huge amount of money in the latest series C funding round.
Besides Google there are some other investors who have participating in this round that includes Kae Capital, IIFL, Singularity Ventures, GrowX, Tracxn Labs, Venture Catalyst, Patni family office. Company will you just these funds to strengthen their technology so they can compete in the e-Commerce ecosystem.
Fitternity received a funding of $2 million, approx 13 croreFitternity which is India's largest fitness discovery and booking platform has received a funding of $2 million, approx 13 crore from the following investors - Arihant Patni (of Patni Family Office), Anjali Bansal (ex-TPG Partner), Akshay Chudasma (MD – Shardul Amarchand Mangaldas), Satish Khanna (Ex-Group President Lupin). Presently fitternity has tie up with more than 12000 fitness centers across the metro cities. The company is planning to use these funds to improve their technology and backed operations.
The process to choose the fitness Centre as per requirement is quite simple.
First visit the company website (fitternity.com) download the mobile app from the Play Store
Search the fitness centre - at the location where you want to find the fitness centre, then click on the type of service you required and press enter.
The moment you press enter, it will display you complete list of fitness centres available in that area that has tieup with the company.
Click on the fitness centre of your choice, it will show you complete packages that are available. You can also book trial session from the paternity websites and 4 trial session you don't need to pay anything.
Paytm Mall has receive the funding of Rs 3,000 crore from Japan SoftBank and Alibaba(Chinese online commerce giant )
Good news for PayTM employees and partner, Paytm Mall has receive the funding of Rs 3,000 crore from Japan SoftBank and Alibaba(Chinese online commerce giant ), as per the documents filed with the Ministry of Corporate Affairs (MCA).
As per the data, deal closed at a valuation of Paytm Mall close to Rs 12,300. Initially Paytm Mall was in talks with SoftBank to raise Rs 3,000 crore at a valuation of $2 billion.
The funding that Paytm have received from Soft Bank is expected to come in four transactions, as per the data company has filed to MCA. Presently alibaba has maximum stake in Paytm Mall which is around 57%. After this round of funding, SoftBank Vision Fund will hold 21% and Alibaba (with Alipay) will hold around 46% stake in the PAYTM.
As per the company official statement - this sound of funding foster Paytm to acheive growth trajectory, execution capability. The funds will be used in enhancing the technology, logistics, brand visibility.
Last Updated on 17 August 2018