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Bengaluru-based Instamojo looks at acquisition to boost e-commerce business

After launching the lending arm in September last year, the firm has disbursed loans worth Rs 120 crore

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Instamojo | e-commerce policy

Samreen Ahmad  |  Bengaluru 

Bengaluru-based digital payments and services start-up Instamojo is in talks to acquire an online platform to strengthen its e-commerce business, a top company executive said on Friday. The deal is likely to close by the end of the month.

The company hopes the acquisition will boost its e-commerce arm. “With this acquisition, our e-commerce story will become solid,” said Sampad Swain, co-founder and chief executive officer of Instamojo. Founded in 2012, Instamojo is a full-stack online commerce platform, which empowers small businessmen in the services sector through its ...

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First Published: Sat, October 05 2019. 02:45 IST
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