Mastercard announced a strategic investment in Bengaluru-based Instamojo, a digital solutions provider for micro, small and medium enterprises (MSMEs). The investment will be utilised in digitising and scaling millions of MSMEs and gig workers by helping them set up online stores, accept digital payments and reach out to customers. Recently, Instamojo forayed into online commerce after acquiring GetMeAShop, an…
Tag: Instamojo
Mastercard invests in Instamojo to serve MSMEs
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•Mastercard has announced its strategic equity investment in Instamojo, a payments and online selling company, to help small businesses go digital. CEO and Co-founder of Instamojo – Sampad Swain, said, “We are focussed on the larger picture of providing the small businesses with a platform, which helps them to start, manage and grow their business online. It…
Instamojo acquihires entertainment platform Showman
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•A full-stack solutions provider for MSMEs – Instamojo has made its first ever acquihire of Showman, a Bangalore-based regional content platform. As pursuant to the acquihire, the founding team of Showman will join Instamojo. Co-founder and CEO – Kshitij Bhatawdekar will be onboarded as product manager, and co-founder and COO – Rutveez Roopam Rout as…
Instamojo hires 50% new recruits from Tier 2 and 3 towns
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•In recent hiring, Instamojo has hired 50% new recruits from Tier 2 and 3 cities. The full-stack transactional platform aimed at bringing small business online conducted the hiring across tech, marketing and product teams. Along with this, the company also announced a permanent work from home flexi option, under which the employees can choose to…
Bengaluru-based Instamojo raises undisclosed amount of fresh funding
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•Instamojo, a full-stack transactional platform aimed at bringing small business online, has announced that it has raised an undisclosed sum of funding from investors including the venture arm of Japan’s Gunosy. In a blog post, the Gunosy Capital Pte Ltd said it had made an additional investment in Instamojo. As per Entrackr report, the investment…