Private Equity

Liquidity Events

Alibaba, Ant Financials exit Paytm Mall; sell 43% for Rs.42-Cr

Mint  

Jack Ma-led Alibaba and Ant Financials have exited Paytm E-commerce Pvt Ltd, the parent entity of Paytm Mall. Paytm E-commerce bought back the entire stake (43.32 %) of Alibaba (28.34%) and Antfin (Netherlands) Holding (14.98%), for INR 42 crore. The transaction values the company at INR 100 crore, plunging from USD 3 Billion fetched in its last fundraising in 2020. Paytm Mall, inspired by Alibaba's T-mall in China, raised USD 200 million in its first funding from Alibaba at about USD 1 billion valuation in 2017. The company raised more than USD 800 million from Alibaba, Ant Financial, SoftBank, Elevation Capital (earlier SAIF Partners) and eBay.