Less than two weeks after withdrawing its case against Unicommerce, Paytm seems to be back at it again. As stated by COO Amit Sinha in a recent interaction, the digital wallet-owned online marketplace, Paytm Mall, will soon take legal action against the technology solutions arm of Snapdeal for alleged data misuse.
As per a VCCircle report, when asked if Paytm Mall will pursue the lawsuit against Unicommerce, Sinha replied, “Definitely.”
In the second week of October, Unicommerce revealed that Paytm had withdrawn the long-standing case against it stating, “The withdrawal follows Paytm’s inability to provide any proof in support of the allegations.”
At the time, however, a Paytm spokesperson told Inc42, “Paytm is no more in the business of ecommerce and that is why it has withdrawn the case. That said, Paytm Mall will review the next step and will take appropriate action accordingly.”
Launched in February 2017, Paytm Mall is a consumer shopping marketplace that is modelled after China’s largest business-to-consumer (B2C) retail platform, TMall. A newer version of the parent entity’s three-year-old ecommerce business, Paytm Mall offers a combination of the mall and bazaar concepts to Indian consumers.
Prior to the launch of Paytm Mall, Vijay Shekhar Sharma-led One97 Communications separated its digital payments and ecommerce businesses under Paytm ECommerce and Paytm Payments Bank, respectively. Paytm ECommerce, which operates Paytm Mall, is now majority owned by Chinese ecommerce giant Alibaba Holdings. Added to that, both Snapdeal and One97 are backed by Japan’s SoftBank Group, which also owns a stake in Alibaba.