<p>Chinese e-commerce major Alibaba, along with investment firm SAIF Partners, will pump in $200 million in Paytm’s online marketplace unit making the Indian e-commerce industry a tri-corner fight.<br /><br /></p>.<p>As per a filing with the Registrar of Companies (RoC), Alibaba Singapore E-Commerce will have a shareholding of 36.31%, while SAIF Partners India will own 4.66% in Paytm E-Commerce.<br /><br />According to sources familiar with the development, Alibaba Singapore E-Commerce will invest $177 million and the rest will be from SAIF Partners. Alibaba along with its payments affiliate Alipay had a combined shareholding of 40% in the unit before this investment in One97 Communications. The investment will give Alibaba access to Paytm merchants and logistics partners.<br /><br />In an interaction with DH, Paytm official said the investment will give Paytm E-Commerce a unicorn status. “But we can’t say that Alibaba is the majority shareholder in the entity.” said the official.<br /><br />Alibaba will find it easy to build on top of what already exists and find good opportunity in the Indian e-commerce industry, valued at $20 billion in 2020, says an analyst.<br /><br />“Now the field will become three-cornered with Flipkart, Amazon and Paytm. Also, India will become the centre of Alibaba’s global expansion plans,” he said. Alibaba also has less than 5% stake in Delhi-based online marketplace Snapdeal.</p>
<p>Chinese e-commerce major Alibaba, along with investment firm SAIF Partners, will pump in $200 million in Paytm’s online marketplace unit making the Indian e-commerce industry a tri-corner fight.<br /><br /></p>.<p>As per a filing with the Registrar of Companies (RoC), Alibaba Singapore E-Commerce will have a shareholding of 36.31%, while SAIF Partners India will own 4.66% in Paytm E-Commerce.<br /><br />According to sources familiar with the development, Alibaba Singapore E-Commerce will invest $177 million and the rest will be from SAIF Partners. Alibaba along with its payments affiliate Alipay had a combined shareholding of 40% in the unit before this investment in One97 Communications. The investment will give Alibaba access to Paytm merchants and logistics partners.<br /><br />In an interaction with DH, Paytm official said the investment will give Paytm E-Commerce a unicorn status. “But we can’t say that Alibaba is the majority shareholder in the entity.” said the official.<br /><br />Alibaba will find it easy to build on top of what already exists and find good opportunity in the Indian e-commerce industry, valued at $20 billion in 2020, says an analyst.<br /><br />“Now the field will become three-cornered with Flipkart, Amazon and Paytm. Also, India will become the centre of Alibaba’s global expansion plans,” he said. Alibaba also has less than 5% stake in Delhi-based online marketplace Snapdeal.</p>
