eBay buys 5.5 per cent stake in Paytm Mall for USD 160 million

New Delhi: US based e-commerce firm eBay has bought a 5.59 per cent stake in Paytm Mall for USD 160 million (around Rs 1,101 crore), according to a regulatory filing by Paytm E-commerce Private Limited.

Paytm E-commerce, the parent firm of Paytm Mall, has issued preferential shares on private placement basis to e-Bay.

“E-bay has invested around USD 160 million in Paytm Mall for a 5.59 per cent stake. The money was received from the Singapore arm of the US-based e-commerce juggernaut,” a source told PTI.

With this round, Paytm Mall has raised about USD 805 million in total funding across three rounds.