Fintech firm Instamojo buys GetMeAShop from Times Internet for $5 million

Fintech start-up Instamojo on Wednesday said it has acquired GetMeAShop, a Gurugram-based start-up owned by Times Internet, in a deal that will see Times Internet further invest in the combined entity.

The value of the deal is $5 million, Instamojo founder and chief executive officer Sampad Swain said in an interview, without breaking down the value of the acquisition and fresh investment. Times Internet will now be part of Instamojo’s board, he added.

With this, GetMeAShop’s 30 member-odd team has joined Instamojo, to work as part of the company’s e-commerce business, MojoCommerce.

GetMeAShop was founded in 2013 by Pushkal Srivastava. It is a