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Key Investors Alibaba, Ant Group Exit Paytm Mall

Paytm Mall
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By BFSI Network · 17 May 2022 · News

Paytm Mall said that two of its key early investors Alibaba and Ant Financial have exited the company.

The company is yet to divulge details about the exit.

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According to reports, Alibaba would be exiting the company with over $3.5 million while Ant Group would be exiting with over $1.8 million.

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Also Read | Paytm to File for New License for General Insurance

The company has announced that it will be joining the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC. It will lead to its departure from traditional physical goods e-commerce

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The company will explore opportunities in the export business.

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Tags: Alibaba Ant Financial BFSI Paytm Mall

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