California-based eBay, an e-commerce major, is in talks to lead a $160 to $170 million strategic investment in online retailer Paytm Mall.
eBay is planning to invest in Paytm Mall as it seeks opportunities in offline-to-online commerce and payments space in India.
The investment in Paytm Mall, which has raised a total of about $645 million in funding to date, is likely to be announced next month.
In April last year, Paytm Mall had raised about $431 million in funding, valuing the company between $1.6 billion and $2 billion.