China’s Alibaba will invest $575 million (Rs 3600 crore) for a Delhi based startup ‘Paytm’ (Parent Co. ‘One 97 Communications), becoming the latest to enter India’s red-hot ecommerce sector.

Entry of ‘Alibaba’, the world’s biggest and most valuable ecommerce company, could potentially alter India’s ecommerce market that is now dominated by ‘Flipkart’, ‘Amazon’ and ‘snapdeal’.