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SoftBank To Invest $ 500 Million In Paytm Mall

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SoftBank Invest In Paytm Mall,Startup Stories,2017 Business New Updates,SoftBank Business Updates 2017,SoftBank Talks with Paytm Mall,Paytm Mall Latest News,SoftBank Invest Money in Paytm Mall,Online Marketplace Paytm Mall,SoftBank Potential Investment in Paytm Mall,Paytm Mall and Softbank Business Plan

SoftBank, the Japan based venture capital firm, is reportedly in talks to invest $ 500 million in the online marketplace Paytm Mall. According to a news daily, Paytm Mall and SoftBank have already held initial talks for a $ 500 million to $ 600 million financing round.

SoftBank may lead this funding round with an investment of $ 300 million in the ecommerce venture operated by Paytm ECommerce Pvt., Ltd. Till date, SoftBank holds close to 20% stake in One97 Communications which runs the digital payments arm Paytm as well as Paytm Mall. Chinese etailing giant Alibaba also holds a majority stake (over 50% ) in the company.

The Times of India reported a source close to the discussions saying, “The funding proposal is yet to be discussed with the company board. However, there (sic) are informal commitments that have come through from investors. They still need to set a valuation for the transaction as the initial capital from Alibaba and SAIF was an internal round.

Reports also surfaced last month hinting the online retail platform Paytm Mall had initiated discussions to raise Rs. 3,000 to Rs. 4,000 crores in fresh funding by the end of this year to compete with Flipkart and Amazon. However, Paytm has not responded to the rumors while SoftBank said the company “does not comment on speculations”.

Earlier this year SoftBank invested a whopping $ 2.4 billion in Flipkart via its Vision Fund. Nevertheless, according to sources, SoftBank’s potential investment in Paytm Mall will not have any conflict of interest with Flipkart because Paytm Mall differentiates itself as a platform that helps bring offline retailers online. 

Paytm Mall also received $200 million from majority investor Alibaba and venture capital fund SAIF Partners in August this year. Alibaba and its affiliate Ant Financial’s stake in Paytm E-Commerce Pvt., Ltd., increased from 40% to 62% post this round of investment. The company was also planning to invest $ 35 million in its technology and logistics infrastructure to strengthen its position in the ecommerce market.  

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PhonePe’s PINCODE Launches 10-Minute Medicine Delivery in Cities

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PhonePe

PhonePe’s PINCODE app has launched a 24×7 online medicine delivery service in Bangalore, Mumbai, and Pune, promising delivery of both prescription and over-the-counter medicines within 10 minutes from nearby local medical shops. Unlike conventional e-pharmacies that use dark stores, PINCODE partners exclusively with neighborhood pharmacies, enabling faster deliveries and supporting local businesses in the digital economy.

Customers without prescriptions can select a “no prescription” option when ordering; a qualified doctor then provides a free teleconsultation and issues a digital prescription compliant with telemedicine guidelines, ensuring seamless access to medicines. The app offers competitive pricing by passing discounts from local pharmacies directly to customers and charges no delivery fees.

PINCODE’s hyperlocal model enhances healthcare accessibility and convenience while empowering local pharmacies, helping them remain integral to their communities and stimulating local economic growth. Launched in 2023, the app focuses on quick commerce with an emphasis on speed, reliability, and supporting local sellers.

In summary, PhonePe’s PINCODE app is transforming medicine delivery in major Indian cities by combining ultra-fast 10-minute delivery, free doctor consultations, and a hyperlocal sourcing model that benefits both consumers and neighborhood pharmacies.

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Piyush Anchliya Joins Cashfree as CFO Amid Fintech Boom

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Cashfree Payment - StartupStories

Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.

In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.

Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.

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Flipkart’s Jeyandran Venugopal Likely to Join Reliance Retail as CEO

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Flipkart - StartupStories

Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.

Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.

His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.

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