wordpress blog stats
Connect with us

Hi, what are you looking for?

Paytm Mall appoints Amit Sinha as chief operating officer

Paytm Mall has appointed Amit Sinha as its chief operating officer and he will be responsible for overall operations of Paytm Mall and expanding the team. His responsibilities will also include ensuring customers have access to the products across categories, delivery, and partnering with logistics networks.

Sinha served in several key business roles in Paytm and implement critical business, HR and financial processes for the company.

Note that the firm has partnered with Flipkart’s eKart for logistics support. The company also has already tied up with Delhivery, GoJavas, Blue Dart and many other domestic and national logistics providers

In February, Paytm demerged its e-commerce business into a separate entity. The wallet business was moved to the payments bank company in December.The newly created e-commerce portal also has Paytm Bazaar, an unstructured shopping channel on Paytm, that provides shoppers a range of domestic and international goods. Meanwhile, the company said it is currently targeting to launch its new app in the coming month.

The Economic Times points out that the marketplace has  1.4 lakh sellers with over 68-million products across categories like fashion, electronics, consumer durables and home furnishings among others. The e-commerce website will be fashioned along the lines of Alibaba’s TMall with a focus on structured categories and brand-authorised stores.

This new entity started off with the same shareholding as the parent company of Paytm, One97 Communications Limited and raised $200 million from SAIF Partners and Alibaba Group Holding. Meanwhile, the payments business of Paytm raised $1.4 billion from SoftBank Group Corp. This will be one biggest investment from the Japanese Internet and Telecom major in any Indian startup and also the largest round raised by Paytm. The company plans to invest the fresh funding over the next three to five years in expanding the user base and towards Paytm Payments Bank

Advertisement. Scroll to continue reading.

 

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India and US come to terms on how to deal with the equalisation levy in light of the impending Global Tax Deal.

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ