Paytm Mall has received the final tranche of its $445 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on giants like Flipkart and Amazon. In April, Paytm Mall had closed $445 million funding round from SoftBank Investment Holdings and Alibaba.com Singapore E-commerce. According to the latest documents filed with the Registrar of Companies (RoC), Paytm E-commerce -- which runs Paytm Mall -- has issued a total of 237,705 shares to SB Investment Holdings (UK) and Alibaba.com Singapore E-commerce as part of the fourth tranche. The issuance of 211,293 shares to SB Investment Holdings and 26,412 shares to the Alibaba entity was approved by the Board of Paytm E-commerce on June 6, 2018, the documents added.
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