eBay invests $150 million in Paytm Mall

US-based online marketplace eBay is picking up 5.5% stake in Paytm Mall for an undisclosed amount in its third bet on India’s e-commerce market over the last decade after backing Snapdeal in 2014 and Flipkart in 2017. The deal size is pegged at a little over $150 million and will value the Noida-based company, backed by China’s online commerce giant Alibaba and Japan’s Softbank, at close to $3 billion, according to sources familiar the development.

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