Paytm Mall’s valuation crashes 99%; Alibaba, Ant Financial exit
The exit of Alibaba and Ant Financial has brought down the valuation of Paytm Mall by more than 99% to a mere $13 million from its peak valuation of $3 billion in 2020.
The exit of Alibaba and Ant Financial has brought down the valuation of Paytm Mall by more than 99% to a mere $13 million from its peak valuation of $3 billion in 2020.
With the new lockdown guidelines permitting full e-commerce operations after April 20, online retailers are expecting pent-up demand for even non-essential products.
Paytm Mall, recovering from the cashback-cash burn syndrome, is hoping its hyperlocal plan will help it carve a niche in India’s e-commerce market.
With the legendary Berkshire Hathaway buying into his dream, Vijay Shekhar Sharma seems on a roll. He’s got big plans. But can he make them work?