Paytm Mall a company of Paytm Ecommerce Private Limited had recently received an investment from eBay for 5.5% stake. The company has announced that ebay’s global inventory is now available on its platform while it prepares for the upcoming festive season. The catalog of over 1 million products includes categories like toys, collectibles, fashion, automobile accessories, gifts, and decor festive items. Paytm Mall is rapidly expanding its “World Store” which makes international brands available to Indian buyers at its platform. The company also aims to become the launch partner for international brands to cater to the Indian market.
The platform has eliminated the challenges related to forex, custom duties, delivery costs, timelines, and returns with its focus towards offering a trusted shopping experience for international products. Paytm Mall wants to establish itself as the largest player for this segment with a committed focus to increase its market share. It has been partnering with leading brands across categories to ensure secured doorstep deliveries within 10-15 days, including clearances.
Srinivas Mothey, senior vice president at Paytm Mall said: “The Paytm Mall World Store is the largest gateway for international sellers and boutique brands to sell their products in India. Our partnership with eBay has enabled us to increase the variety of product range to cater to the retailers and shoppers need. We will invest 30Crores to promote the catalog and acquire new users. This festive season, we are focused on offering the best assortment of products to our customers.”