NEW DELHI, May 18: Chinese company Alibaba and its affiliate Antfin has sold their entire stake in Paytm Mall for Rs 42 crore, according to a regulatory filing. The exit transaction values Paytm Mall at around Rs 103 crore. According to the filing, Paytm E-commerce, parent firm of Paytm Mall, bought 28.34 per cent stake of Alibaba and 14.98 per cent stake held by Antfin (The Netherlands). Paytm Mall has raised around USD 800 million from several investors, including Alibaba, […]
Vijay Shekhar Sharma-led Paytm Mall which was once valued at over $3 Bn as per its last funding round has seen the exit of its early investors Alibaba and Ant Group.
Paytm E-commerce bought back the entire stake of Alibaba (28.34%) and Antfin (Netherlands) Holding (14.98%), a total of 43.32%, for ₹42 crore, according to the company’s filings.