Paytm founder Vijay Shekhar Sharma

image credit : Paytm

Paytm Mall, The e-commerce arm of India’s notable financial technology company Paytm has gotten a huge $200 million in investment from notable tech investor Softbank and another $25 million from Chinese e-commerce giant Alibaba as part of the funding round of $445 million led by Softbank which was announced April this year.

This comes as Softbank holds a huge 21% stake in the company and Alibaba holding the lion share of 46% with the company being a major and early investor in this arm of the company.

Paytm which is currently valued at $10 Billion after a recent secondary sale by the company’s employees is India’s second largest private technology after e-commerce firm Flipkart and is poised for huge growth in future with Paytm Mall currently stating a run rate of $3 billion in gross merchandising value (GMV) in its recent fiscal quarter and is targeting to reach a huge $10 Billion GMV by the end of this year.

With this investment, Softbank Capital’s managing partner and executive Kabir Misra has moved to the company as director of its e-commerce business, Softbank has been to be targeting a total of $3 Billion investment in the Indian company giving the company huge capital to rapidly expand its operations while generating huge revenues and profit for both itself and its investors.

Paytm Mall also aims to triple its presence in offline stores across the 700 Indian regions it serves with the arm of the company currently counting a huge 75,000 store partnerships and a huge growing number across the country.

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