Instamojo.com, a payment solutions provider, has raised an undisclosed sum from venture capital firm Kalaari Capital. It enables small businesses and individuals to collect payments online using its link-based payments platform.
Founded in 2012, the company is headquartered in Mumbai and was a part of the Silicon Valley-based 500Startups' accelerator programme. Previous investors like Blume Ventures, 500Startups and others also participated in this round.
Instamojo.com lets anyone collect payments directly from their customers by simply sharing a link through their website, social media and mobile channels such as SMS or WhatsApp. It claims a seamless checkout process helps drive sales conversions that are 600 per cent higher than the sectoral standard.
AntFarm buys Meals on Wheels
Digital media and Internet company AntFarm has announced its acquisition of food delivery service Meals on Wheels. Meals on Wheels currently provides delivery from restaurants in South Mumbai. AntFarm plans to scale coverage throughout Mumbai and then expand to Delhi NCR, Bengaluru, Chennai, Pune, Hyderabad and Kolkata. AntFarm, which recently raised Series-A funding from Bay Capital and Hausela Capital, has roped in Sandeep Das, a former chief operating officer and head of business at Burrp and AskMe, to drive operations at Meals on Wheels as chief executive officer.
Unitus invests in Blowhorn
Unitus Seed Fund, a venture seed fund supporting start-ups innovating for the masses, announced that it had led the seed round investment in Blowhorn, a Bengaluru-based online marketplace for last-mile logistics. Blowhorn offers a tech platform connecting owners of mini-trucks to consumers who want to move goods quickly and effortlessly around town. This investment marks Unitus' second in the mobile-on-demand sector, following mGaadi, which was completed in spring 2014.
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