eBay Acquires Paytm Mall Stake To Expand India Presence

  • US-based ecommerce company has announced a strategic partnership with along with acquiring a 5.5% stake in the Indian ecommerce marketplace.
  • Through this partnership, eBay inventory will be made accessible to the active customer base of Paytm Mall, a subsidiary of the Indian fintech unicorn Paytm.
  • While, the Snapdeal partnership resulted in a loss of $61 Mn for eBay, the Flipkart partnership fell off after Walmart acquired a majority stake in the Indian ecommerce unicorn in 2018.

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