A Bangalore-based startup named Instamojo enables dealers and small ventures accept digital payments, build up a presence and sell online, has procured the online-possessed Times Gurgaon Online Store – GetMeAShop.
The arrangement is worth $5 million and incorporates the Times Internet aggregate investment into Instamojo, Sampad Swain, fellow benefactor and CEO of a startup in Bangalore, said.
Over the past decade, a huge number of individuals have come online in India, on account of expansion of low-cost Android smartphones and the accessibility to a portion of the world’s least expensive versatile information plans. But most small ventures, especially shops and outlets, remain disconnected.
A rush of new companies in the nation today are attempting to make it simpler for these shippers and organizations to come on the internet. GetMeAShop is such a startup. It maintains a stage that permits organizations to set up their site, construct an online store, and make it simpler for dealers or people to draw in with and offer to their clients through social applications, for example, WhatsApp and Facebook.
For Instamojo, this procurement isn’t amazing. The seven-year-old startup started its excursion as an installments supplier for private ventures. Throughout the years, it has propelled an online store, an application store, and a credit service to serve all the more needs of a business. “This securing will permit us to turn into an undeniable working framework for organizations,” said Swain.
Instamojo has gathered 1.2 million sellers on its platform. “It took us seven years to bring a million traders to the platform. Now more than 2000 per day are being added. We are going to hit 2 million merchants by the end of this year,” he said.