Paytm, India’s largest e-wallet seems to be following the path of Alibaba.
Paytm Mall, an online shopping platform provided by paytm is launching a brand new feature to the Indian e-commerce Business by Selling bike online on paytm mall . Now paytm is Capitalizing on its online-to-offline(O2O) model by offering a service which is currently not available through top e-commerce players like – Flipkart and Amazon India.
While offerings were launched last year on the payments and e-commerce platform Paytm with over 500 dealers, the emerged entity Paytm Mall now has over 2,000 brands-authorized dealerships across 500 cities, with sales of these vehicles going up 9x during the festive season.
Some of the brands available include Suzuki, Yamaha, hero motocorp, TVS, Mahindra, vespa and Aprilia among others. Paytm is also looking to expand its four-wheeler offerings as it currently has vehicles from Mahindra and Renault.
Customers can place online orders on our platform and accept deliveries from their nearest dealerships –said Amit Sinha, COO, Paytm Mall.
We also run joint offers and promotions in partnership with brands and dealerships to offer the best value proposition to our customers.
According to some news reports- Company has initiated discussions to raise Rs. 3000- 4000 crore ( $460-610 million) with the deal expected to close by the end of the year. The Paytm e-commerce unit, which had raise $200 million earlier this year from Alibaba group and Venture fund SAIF partners, is betting big on its O2O model.