Mind The Gap By Freshchat

This week US-based ecommerce company eBay is investing $160 Mn in Indian ecommerce company, Paytm Mall, valued at $2.86 Bn post-investment. According to the Ministry of Corporate Affairs filings accessed by Inc42, Paytm E-commerce private limited is issuing 1,28,028 equity shares at a price of $1,249.73 per share to eBay Singapore Service Pvt Ltd. Further, Bengaluru-based digital payments company PhonePe received INR 697.9 Cr ($101.5 Mn) equity infusion from its Singapore-based parent, PhonePe Private Limited Singapore. Interestingly, the investment has come after PhonePe founders— Rahul Chari Vardha and Sameer Nigam— increased their equity stake in the company. In April, Vardha picked up 1.67 Mn equity shares and Nigam picked up 6.63 Mn shares at a nominal value of INR 1. Gurugram-based home services marketplaceUrbanClap raised a $75 Mn Series E funding round led by Tiger Global. Existing investors Steadview Capital and Vy Capital also participated in this round. Prior to this, UrbanClap raised INR 149 Lakh