×
201
Fashion Jobs
NAGA LIMITED
Manager - Production
Permanent · Dindigul
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
Published
Dec 4, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Paytm to invest $2.5billion in e-commerce to take on Flipkart, Amazon

Published
Dec 4, 2017

India’s digital payments platform Paytm is gearing up to disrupt the e-commerce market in India as it plans to invest $2.5 billion to take pole position by dethroning Amazon and Flipkart from the top.
 

Paytm Mall


Paytm Mall which is the newest entrant in the e-commerce battle has already gained a large market share to close the gap on the likes of Amazon, Flipkart and Snapdeal.  The company’s short term ambition is to become the number 3 marketplace in India which it is likely to achieve next year.
 
However, Paytm is not ready to settle for anything else but the top spot and with the backing of two of the world’s biggest investors in Softbank, Alibaba expects to achieve the unthinkable by 2022.

Top two e-commerce giants in India, Amazon and Flipkart have already taken a massive lead in the e-commerce market with its heavy discounting model leaving others like Paytm to play catch up. The two e-commerce majors are also loaded with funds and expected to invest billions of dollars in the coming years to further expand it base in the country.
 
Paytm on the other hand is looking to raise the funds of $2.5 billion in the coming months and ready to play the waiting game in order to make efficient use of the funds in its e-commerce entity.
 
"As e-commerce business, we started six months ago and we are nearly half of the large companies. It has grown so fabulously well that we believe that we have a real good shot in the longer horizon, in 3-5 years, of (reaching) the top spot,” founder Vijay Shekhar Sharma told news agency PTI.
 
“We will invest 2-2.5 billion dollars and be efficient in utilising the funds. We have actually not started our fund raising process. We have interest from people, and we will probably look at it in next few months and decide the amount of money and who (will be the investors)," he added.
 
However, according to reports Japanese investor Softbank has already made a commitment to invest in 1932 crore rupees ($300 million) into the e-commerce entity of Paytm. The company is believed to be in talks with some USA investors to raise an additional $300 million and expected to invest at least $1 billion in the coming year.

Copyright © 2022 FashionNetwork.com All rights reserved.