Paytm Mall has received a final tranche of USD 445 million which is about INR 3000 crore funding from Alibaba and SoftBank. This funding will give the online shopping venture more financial push to take on competitors like Amazon and Flipkart. Paytm Mall closed the 445 million funding round from Alibaba and SoftBank investment holdings in April.

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Based on the documents with the Registrar of Companies, Paytm E-commerce runs the Paytm Mall which has issued a total of 237,705 shares to SoftBank Investment Holdings UK and Alibaba as part of their fourth tranche. This issue of 211,293 shares to SB Investment Holdings and 26,412 shares to Alibaba was approved by the Board of Paytm on 6th June 2018.

Earlier, the e-commerce filing had showed that an aggregate amount of USD 400 million was to be received from SB Investment Holdings and its affiliates. Later, USD 45 million was to be pushed in by Alibaba. This transaction was split into four tranches and the last one has come in now. With this, SB Investment Holdings have a 21.13 percent share and Alibaba has 30.15 percent share in Paytm Mall. There are other shareholders that include Alipay Singapore E-commerce with a 15.9 percent share, SAIF Partners with 18.67 percent share and the founder, Vijay Shekhar Sharma has 9.66 percent share.

This round of funding will help Paytm Mall expand its operations and take their competitors like Amazon and Flipkart in the Indian e-commerce industry. It is expected that this sector will grow to USD 200 billion in the next ten years.