wordpress blog stats
Connect with us

Hi, what are you looking for?

After Flipkart’s funding, Paytm Mall is investing $5 million to boost its offline presence

paytm

Close on Flipkart's latest funding round from the SoftBank Vision Fund, Paytm Mall is investing $5 million to get on board 50,000 offline sellers. The programme is called Retailer Inclusion Programme "which will address support and empower these shopkeepers to challenge large monolithic online retailers." The company will set up a team of 500 personnel to retailers and will act as a direct link between the company and its partner retailers. It will also partner with external financial organizations to enable working capital loans ranging from Rs 10,000 to Rs 25 lakh for these retailers. Note that Paytm raised funding of $1.4 billion from SoftBank Group this year and earlier had to spin off e-commerce business as a separate entity and raised $200 million from Alibaba. Paytm Mall is taking cues from Alibaba and is trying to build and offline-to-online (O2O) business through its…

Please subscribe/login to read the full story.
Written By

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

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

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

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...

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...

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