With eBay deal shopkeepers can source US, European products: Paytm founder

E-commerce player eBay has bought 5.5 per cent stake in Paytm Mall. While the deal size has been kept under wraps, sources say eBay invested $160 million in Paytm Mall, which is valued at $3 billion. Numbers aside, Vijay Shekhar Sharma, founder of One97 Communications, in a conversation with Karan Choudhury says while other e-commerce players act as proxy retailers, Paytm Mall is working with offline retailers. Edited excerpts:  What are the broad contours of the eBay deal? How did it happen? When did the talks begin? In the beginning of the year, there was mutual introduction.....

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