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Alibaba to invest USD 177 mln in Paytm

Friday 3 March 2017 | 12:10 CET | News
Alibaba will invest INR 11.8 billion (approximately USD 177 million) to increase its stake in Paytm's e-commerce unit, The Economic Times reports. In addition to the investment by Alibaba Singapore E-Commerce, venture firm SAIF Partners will also participate in the USD 200 million funding round in Paytm E-commerce Private Limited, according to filings made with the Registrar of Companies.

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Categories: Internet / Mobile & Wireless
Companies: Alibaba / One97 Communications
Countries: India
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