[Funding alert] Point of sale lending platform ShopSe raises $5.5M from Chiratae Ventures, BEENEXT, others
The investment will enable ShopSe to strengthen the team, expand market reach to serve the growing demand, and accelerate product development.
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Mumbai-based fintech startup
ShopSe, which offers pay later and instant EMI platform, on Wednesday announced that it has raised around
Rs 40 crore ($5.5 million) in a funding round led by
Chiratae Ventures and
Pentathlon Ventures, Opus, and existing angel investor
Abhishant Pant of Yatra Angel Network.
The amount raised will enable ShopSe to add more talent, expand market reach to serve the growing demand for its platform, and accelerate product development. The team plans to be present at 200,000+ retail points in 12 months.
Shopse raises Rs 40 cr from in funding led by Chiratae Ventures, Beenext
New Delhi, Apr 7:Fintech startup Shopse on Wednesday said it has raised Rs 40 crore in a funding round led by Chiratae Ventures and Beenext.
The funding round also witnessed participation from Pentathlon Ventures, Opus and existing angel investor Abhishant Pant of Yatra Angel Network, the company said in a statement.
“The amount raised will enable Shopse to add great talent, expand market reach to serve the growing demand for their platform and accelerate product development. The team plans to be present at over 2 lakh retail points in 12 months,” it added.
Chiratae, Beenext lead funding in Shopse and 12 more India deal updates ResearchPremium
Point of Sale (PoS) platform Shopse on Wednesday said it has raised about $5.5 million (Rs 40 crore) in a funding round led by Chiratae Ventures and Beenext.
The funding round also saw participation of Pentathlon Ventures, Opus and Abhishant Pant of Yatra Angel Network, the startup said in a statement.
The amount raised will enable Shopse to add talent, expand market reach and accelerate product development. The team plans to be present at over 2 lakh retail points in 12 months, the statement said.
Founded by former PayU employees Pallav Jain, Abhishek Nimonkar and Yagnesh Desai, Shopse provides instant EMI or pay-later service, which it claims is being used by over 10,000 retail points today.