Reuters |
India's Paytm E-Commerce raises $200 million from Alibaba, SAIF Partners
Reuters MUMBAI India's Paytm E-Commerce Pvt Ltd has raised $200 million from China's Alibaba Group Holding and venture capital fund SAIF Partners to expand its online retail business in a market dominated by homegrown Flipkart and U.S. tech giant Amazon. Paytm E-commerce gets $200 million from Alibaba, SAIF Partners With $177 million investment in Paytm, Alibaba officially enters Indian e-commerce market Alibaba to invest $177m in online retail unit of India's Paytm |
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