Instamojo

Instamojo

  • FOUNDING YEAR: 2012
    LOCATION:
    India
    REGION:
    Karnataka
    Last Update:
    13 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Instamojo provide Payment Gateway. Helps individuals and small businesses in collect payments online by only sharing a link with their audience.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Menstrupedia.com, Twikster, imtips.co, www.squareoff.in
EXISTING PARTNERSHIPS:
mypacco, browntape, QuickCompany, clearTax, exotel
COMMENT
The platform give sthe users the advantage and convenience of requesting payment instantly via Email & SMS.

PEOPLE

FOUNDERS:
Harshad Sharma, Akash Gehani, Sampad Swain
Board Members and Advisors:
Avlesh Singh
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
500 Startups, Blume Ventures, Kalaari Capital, Bharathram Thothadri,Rajan Anandan, Rob de Heus, Shailesh Rao, Sunil Kalra, Anypay

TRACTION

VALUATION / MARKET CAP:
$3.33 MM in 2015
COMMENT:
With over 300000 small and medium businesses on its platform, Instamojo claims to cover 10% of the digitally active SMEs in India and enables about 30% of the turnover annually. (August 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$10.1 Millions
DATE OF LAST FUNDING:
Jan 2019
TOTAL FUNDING COMMENT:
With the new funds Instamojo plans to foray into newer areas and build competencies to enhance offerings for SME users.
SEED & PRIOR FUNDING:
$500 K
SEED CLOSED ON:
May 2013
FUNDING SERIES:
SERIES A
$2.6 Millions Closed: Aug 2017
SERIES B
$7 Millions Closed: Jan 2019
LISTED:
NO

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