Now, buy eBay products on Paytm Mall; Vijay Shekhar Sharma’s firm gets US MNC’s investment, inventory

American multinational e-commerce company eBay has acquired 5.5% share in Vijay Shekhar Sharma’s Paytm Mall in a bid to acquire a strong foothold in the domestic e-commerce market, Paytm Mall and eBay announced in a joint statement. With this, Paytm Mall customers can shop for products available on eBay. “This will make eBay inventory accessible to tens of millions of Paytm Mall active customers in India,” the statement said. The subsidiary of the largest Indian e-commerce platform plans to place millions of products from eBay inventory on the Paytm Mall within the coming months.

eBay’s two failed attempts in India

eBay got back to the India business earlier in January 2019 after splitting from Flipkart in 2018. The company has been eyeing ways to gain ground in the Indian market since 2004 when it made its debut in the country.