Bengaluru-based Instamojo closes series B funding round at Rs 50 crore

Instamojo now works with and enables over 600,000 MSMEs to build, manage and grow their business

Bengaluru-based fintech company Instamojo on Wednesday announced the closing of its series-B round of funding. Led by both existing and new investors, Instamojo raised Rs 50 crore in the funding round. Existing investors included Japanese investment firm AnyPay, Kalaari Capital, Beenext & Rashmi Kwatra, along with first time investor - Gunosy Capital. 

Instamojo is a growth gateway platform for micro, medium & small enterprises (MSMEs) that enables them to build, manage and grow their business online. It is a one-stop shop for an entrepreneur that caters to their diverse business needs by leveraging technology, data and design. 

Instamojo began its