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Nearbuy & Little merge; Paytm acquires majority stake
short by Aditi Verma / on Thursday, 7 December, 2017
Paytm has acquired majority stake in the merged entity of deal discovery startups Nearbuy and Little Internet, the company announced on Wednesday. This will help strengthen the offerings for offline merchants by enabling them to acquire customers through deals, Paytm said. The merged entity reportedly is expected to be valued at about $100 million after funding by Paytm.
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