Paytm E-Commerce Pvt Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (INR 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding.Alibaba will invest $177 million (Rs 1,182 crore) while the rest will come from venture capital firm SAIF Partners, an early investor in One97.