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Alibaba’s participated Paytm leads 50 million fundraising for Zovi

Zovi, an India-based online men’s fashion retailer, has raised 50 million dollars to build a mobile-only app to list a large number of “hyper-local” deals offered by offline merchants to consumers online. The fundraising has been led by One97 Communications, which operates Paytm, a mobile wallet and online marketplace, in which Alibaba Group...

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