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Business deals

India’s Paytm Mall raises $150 million funding from eBay

Fintech giant’s e-commerce arm gains firepower to fight Amazon 

Paytm CEO Vijay Shekhar Sharma said its e-commerce arm raised $150 million from U.S. online mall operator eBay. (Photo by Shihoko Nakaoka)

TOKYO -- Indian digital payments giant Paytm on Thursday said its e-commerce arm raised $150 million from U.S. online mall operator eBay, as it looks to step up its battle against Amazon. 

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