Key Investors Alibaba, Ant Group Exit Paytm Mall

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.

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.

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

The company will explore opportunities in the export business.

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