×
161
Fashion Jobs
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Chennai
STEELBIRD INTERNATIONAL
Area Sales Executive/ Area Sales Manager
Permanent · Pune
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager/Cluster Manager
Permanent · Bengaluru
CARBORUNDUM UNIVERSAL LIMITED
Area Manager - Retail Sales
Permanent · Ahmedabad
ESS KAY FINCORP LIMITED
Business Development Manager - Tractor Sales- Dehradun/ Haldwani
Permanent · Dehradun
BRMSCO GARMENTS PVT LTD
Manager Sales & Marketing- pp Woven Sack
Permanent · Kochi
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Guntur
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Guntur
BGPS MANAGEMENT SOLUTIONS PRIVATE LIMITED
Area Sales Manager
Permanent · Ahmedabad
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Asst. Manager Quality / Quality Line Officer- Garments Industry
Permanent · Bhiwandi
ANJNEY
Sales Manager/ Area Sales Manager - Industrial Products
Permanent · Ahmedabad
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
DLIGHT ENERGY PVT. LTD.
Hiring For Area Sales Manager | Pune/ Nagpur | d.Light Energy
Permanent · Pune
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Chennai)
Permanent · Chennai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
OLIVE GREEN CONSULTING LLP
Urgently Looking For Area Sales Manager
Permanent · National Capital Region
DEEP CHAND DIALYSIS CENTRE PVT. LTD.
Immediate Joining For Area Sales Manager @ Kolkata
Permanent · Kolkata
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
DREAM HOME PLASTO WARE IND
Production Manager
Permanent · Alwar
MEDLEY PHARMACEUTICALS LTD
Area Sales Manager/ District Manager - Bhopal
Permanent · Bhopal
EXTRAMARKS EDUCATION
Area Sales Manager- B2B Sales
Permanent · Nashik
Published
May 20, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alibaba and Antfin sell entire stake in Paytm Mall

Published
May 20, 2022

Chinese business giant Alibaba and its affiliated business Antfin sold their entire stake in e-commerce business Paytm Mall for Rs 42 crore which has led to a significant decrease in the business’ value. 

Paytm Mall will pivot to ONDC to explore export opportunities - Paytm Mall


Media reports including the Press Trust of India announced that Paytm Mall is now worth around Rs 103 crore following the exit of early investors Alibaba and Antfin. However, Paytm Mall has hit back, stating that these valuations are incorrect. 
 
“We are focused on our transition to build a sustainable business in partnership with ONDC and are excited about the future of e-commerce in India,” said a Paytm Mall spokesperson, Deal Street India reported. “As part of the shift in the business direction of the company, PEPL also saw the exit of early investors. The exit price of any investor(s) in the company via capital reduction process is not reflective of the valuation of the company and neither does the exit have any link to any FDI [foreign direct investment] laws. One simple metric is to consider that our cash balance itself is significantly higher than the quotes number in media reports, which establishes that the suggested low Fair Market Valuation is completely inaccurate.” 

According to Paytm Mall’s parent entity Paytm E-commerce’s regulatory filing, accessed by the Press Trust of India, Paytm Mall bought the 28.34% stake of Alibaba and the 14.98% stake held by Antfin. Paytm Mall aims to pursue export opportunities moving forward. 
 
Open Network for Digital Commerce, named ONDC, is a Government of India project which is in its pilot phase. The initiative is a platform which is designed to enable buyers and sellers to connect across multiple platforms as an open platform for e-commerce.

Copyright © 2022 FashionNetwork.com All rights reserved.