The deal values Paytm Mall between USD 1.6 billion to USD 2 billion, two people familiar with the matter told Indian local media.
SoftBank looks to take up a 21% stake in the company, while Alibaba will hold 46% in the company after the completion of the investment.
In the year ended 31 March, 2017, Paytm Mall reported 136.3 million Indian rupee (USD 2 million) loss on total sales of 73.5 million Indian rupee (USD 1.1 million).
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