Entrackr:
Paytm Mall, the e-commerce arm of Paytm, loses Alibaba and Ant Financial as investors, and its valuation drops from $3B to $13M — As Paytm Mall joins the government-backed e-commerce platform, the Open Network for Digital Commerce or ONDC, the firm sheds almost 99.5% of its valuation that it built since 2017.
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