An aggregate amount of $400 million (about Rs 2,600 crore) has come from SB Investment Holdings (UK) and its affiliates (including SoftBank Vision Fund) and another $45 million (about Rs 292.5 crore) has been pumped in by Alibaba.com Singapore E-commerce, the company said in the regulatory filing.
Paytm Mall in India competes with Amazon and homegrown Flipkart, both of which are immensely popular among India's online shoppers. Our investment in Paytm Mall is part of that ongoing commitment.
The development comes at a time when SoftBank, along with Tiger Global, is spearheading a Flipkart sale Walmart Inc. The fresh investment in Paytm Mall marks another significant bet by SoftBank's founder Masayoshi Son on the burgeoning online retail market here as the group forms an anti-Amazon alliance along with Alibaba.
Market watchers say that the deal values Paytm Mall at United States dollars 2 billion. In all, the spun-off entity received $200 million before the latest funding with Alibaba owning 57% in Paytm Mall.
"We believe Paytm Mall's offline-to-online operating model, combined with the strength of the Paytm ecosystem, is uniquely positioned to enable India's 15 million offline retail shops to participate in India's e-commerce boom", SoftBank said in a statement on Monday. "The funds will be deployed for empowering the shopkeepers with technology, building superior logistics, strengthening the Paytm Mall brand and bringing an enriching experience to the customers", said Sinha.
According to the company, offline stores registered on its platform drive over 60% of sales.
The company now works with offline stores in partnership with brands such as Samsung, LG, Lenovo, Intel, Red Tape, Canon, HP, Godrej, Hitachi, Bluestar, Whirlpool, Bosch, IFB and Intex among others.
The beginning of the new financial year could not have been better for Paytm. The platform Paytm Mall is inspired by Alibaba's T-mall in China. Vision Fund, which had raised more than $93 billion in May 2017, plans also to invest more than $10 billion in Saudi Electricity Co. In 2016, the Chinese online retailer had contemplated a standalone entry into India or an acquisition.
Both the Notebook 3 and Notebook 5 have a sleek zero-screw finish that's in line with Samsung's design language. Or perhaps it figured they would be so low-key it might not matter if they were seen as a joke or not.
It would be a showdown that could lead to the victor becoming the next mandatory challenger to Anthony Joshua's IBF belt. Pulev had been due to fight Joshua in October a year ago before the Bulgarian injured his shoulder in sparring.
St James Co Lc reported 6.77% in The Bank of New York Mellon Corporation (NYSE:BK). 229,284 were accumulated by Hartford Mngmt. The stock of The Mosaic Company (NYSE:MOS) has "Market Perform" rating given on Wednesday, February 21 by BMO Capital Markets.
Instead, Stewart appeared to hit the throttle, sending his 1,400-pound auto into Ward Jr.'s body, Hurd wrote. One of the arguments Stewart's legal team made was that Ward signed a waiver, but Judge David N.
Martin put the Blue Jays on top 3-2 with a two-run shot over the left field wall off right-handed reliever Danny Farquhar (1-1). He tracked a fastball on the outside corner and lofted an opposite-field shot to right field for his first home run.
The Bureau of Meteorology (BOM) said the cyclone was 310 kilometres east of Cairns and 285 kilometres north-east of Townsville. Due to the weather and the Easter traffic she urged people to take extra care on the roads and put their safety first.
Among 14 analysts covering BioMarin (NASDAQ:BMRN), 13 have Buy rating, 0 Sell and 1 Hold. (NASDAQ:BMRN) for 5,397 shares. Public Sector Pension Investment Board sold 3.00 million shares as the company's stock declined 23.20% with the market.
Once inside, the suspect took one of the surveillance cameras, but not before his image was captured on video. From there they were able to name 17-year-old Chadd Keaton and 16-year-old Trenton Hingson as suspects.
Target Corporation , a United States of America based Company, belongs to Services sector and Discount, Variety Stores industry. The company P/E (price to earnings) ratio is 15.04 and Forward P/E ratio is 12.7. 1 indicates more volatile than the market.
The four dead were in the central state of Madhya Pradesh , according to Rishi Kumar Shukla, director general of the state police. Last week a young Dalit farmer in Gujarat was beaten to death for owning a horse, which is seen as a symbol of power and wealth.
The real estate investment trust reported $0.03 EPS for the quarter, missing the Zacks' consensus estimate of $0.31 by ($0.28). It has outperformed by 109.59% the S&P500.The move comes after 7 months negative chart setup for the $968.55 million company.
YouTube channel pages have been down all afternoon
Seeing this 500 error message on YouTube? "We're working to address the issue and apologize for any inconvenience this may cause". The errors apparently started sometime around 3PM ET, and YouTube says that it's now working to fix the issue.
A Quiet Place Gets Its Final Movie Trailer
During our interview, we asked Krasinski about working with his wife on the Fantastic Four , should the opportunity arise. Paramount has released the final trailer for John Krasinski's horror thriller A Quiet Place ahead of its Thursday bow.
Dining Out Increases Exposure to Harmful Chemicals
As part of the survey, some 10,253 participants were asked what they ate in the last 24 hours and where their food came from. These synthetic chemicals are endocrine disrupters that may disrupt hormones and cause fertility problems .
Leave decisions related to politics to people, says PM Abbasi
DG Khan bypass has been a long standing demand of the area and would immensely help in regulating the traffic flow of the city. Commercial traffic originating from Balochistan travels through the N-70 highway to reach various Punjab destinations.