Published
Aug 17, 2018
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Paytm Mall to expand business, eyes $10 billion gross sales by 2019

Published
Aug 17, 2018

Paytm Mall, owned by Paytm E-commerce Pvt Ltd, is getting ready to expand its business in the country targeting gross sales of $10 billion by the end of the current financial year.

Paytm Mall to expand business, eyes $10 billion gross sales by 2019 - Paytm Mall


Paytm Mall is looking to strengthen its delivery network for faster deliveries and banking on its partnership with brands/merchants to drive this growth.
 
“We are excited to witness the growth of the Indian retail market and we have ramped up our efforts to expand our business to meet its ever-growing demands. We are building an O2O model offering same day deliveries to top 15 cities and will be further expanding our services to 25 cities across the country,” Amit Sinha, COO of Paytm Mall, was quoted as saying by the Financial Express.

“Our partnership with brands/merchants and their offline retail stores are driving an important opportunity for them to increase their business while building engagement with their customers,” Sinha added.
 
Paytm Mall had raised funds of Rs 3000 (approx $445 million) from its existing investors Softbank and Alibaba in June this year to compete with rivals Amazon and Flipkart.
 
Paytm currently is the third largest e-commerce platform in the country and aspires to be the top e-commerce firm in the coming years. It had stated that it will invest 2-2.5 billion dollars in e-commerce as it aims to reach the top in India’s e-commerce market in 3 to 5 years.

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