Paytm Mall

This move was mandated as a part of the new ecommerce guidelines

The etailers are yet to provide seller details on their platform

The mandate was made in order to curb the sale of fake goods via ecommerce platforms

The move is made a week after the company restructured its top management

Company CEO says the aims is to build stronger O2O play

Its share of the ecommerce market has shrunk to 3% in 2018: reports

Paytm Mall has appointed new CFO, CMO and vertical heads

The reshuffle comes soon after the company reported declining sales

Paytm Mall aims to double its GMV to $2 Bn by March 2019

Paytm founder was commenting after speculation about exiting the ecommerce business

Paytm Mall's market share has almost halved in one year

He maintains its wholesale entity will add to Paytm Mall’s growth

Hospitality chain OYO fuels its international expansion with a billion-dollar cheque

More than 13 startups raised fundings worth over $100 Mn in 2018

The unicorn club got seven new entries

India is currently home to 26 unicorns with maximum attaining the unicorn tag in 2018

OYO and Ola emerged as the unicorn stars, expanding to foreign shores aggressively

BYJU’S threw a parting surprise by becoming the fourth most-valued unicorn in India

The expected round of funding may be raised from at least one new investor and existing investors

This funding may be used to expand its presence across the major metros in India

BigBasket’s future plans also include acquisition of smaller startups

Paytm Mall spokesperson says the company made changes after analysing data of the past years

The company maintains the changes were made towards building an inclusive marketplace, which is fair to all sellers

Sellers are ready to bear penalties provided the concern raised is a genuine issue, says AIOVA

Paytm Mall posted a net loss of $245.65 Mn

Total expenses for the year were recorded at $352.13 Mn

With a net worth of $30.46 Mn, Paytm Mall is expanding in all directions and looks to grow multifold

The Future Retail board will review the deal on October 29 and is likely to approve it

If the deal fructifies, Future Retail will have a value of $3.39 Bn (INR 25,000 Cr) in the market

Amazon is reportedly looking to gain ownership holding and business exclusivity with the investment

Close to 40% customers for ecommerce companies’ private labels portfolio came from Tier 3 and below cities for Flipkart

More than 82% new customers were from Tier 2 and below for Amazon India

India's e-retailing industry is expected to have more than 50 Mn online shoppers from Tier 2 cities alone by end of 2018

Paytm sale event ‘Mera Cash Back’ is scheduled to run from October 9-15

During the sale, customers will be able to buy certain products at lowest price between 8 am to 12 pm

Paytm Mall will also let the customers play games and win instant cashback vouchers