![Paytm Mall’s valuation crashes 99%; Alibaba, Ant Financial exit](https://images.assettype.com/fortuneindia%2F2021-11%2F0f4a1e25-207d-47ef-a3ec-f7f772d3957b%2FPatym_office.jpg?w=300&q=95)
Paytm Mall’s valuation crashes 99%; Alibaba, Ant Financial exit
The exit of Alibaba and Ant Financial has brought down the valuation of Paytm Mall by more than 99% to a mere $13 million from its peak valuation of $3 billion in 2020.
The exit of Alibaba and Ant Financial has brought down the valuation of Paytm Mall by more than 99% to a mere $13 million from its peak valuation of $3 billion in 2020.
The stock fell 5.89% to ₹1,159 on the National Stock Exchange on Monday as the foreign brokerage slashed its target price on the stock by around 25% to ₹900.