eBay buys Paytm Mall stake in latest bet on Indian eCommerce

eBay has agreed to buy a 5.5 per cent stake in Indian eCommerce marketplace Paytm Mall. The deal will see eBay’s inventory become accessible to all of Paytm Mall’s active customers. The companies have not disclosed the financial terms of the deal, but reports suggest that eBay is investing around $165m in the firm based in the Noida part of Uttar Pradesh state at a valuation of $3bn. “We are deeply committed to India and believe there is huge growth potential and significant opportunity in this dynamic market,” said Jooman Park, eBay senior vice president, APAC. “This new relationship will accelerate our cross-border trade efforts in a rapidly growing market, providing hundreds of millions of Paytm and Paytm...



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