Amazon acquires Indian retail startup Perpule

Amazon acquires Indian retail startup Perpule

Amazon has acquired a startup in India that is helping offline stores go online, the e-commerce group’s latest attempt to make inroads in the world’s second most populous nation where brick and mortar continue to drive more than 95% of sales. The American e-commerce group said on Tuesday evening that it has acquired Perpule, a […] …

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Google’s most current investment in India is a start-up that is helping services come online. One-year-old DotPe, a Gurgaon-based start-up, said on Friday it has raised $27.5 million in its Series A funding round. The round was led by PayU, with involvement from existing financier Information Edge Ventures and Google. The young startup, now valued at […] , a Gurgaon-based startup, said on Friday it has raised $27.5 million in its Series A financing round. It’s an issue that ratings of startups in India are solving today, but DotPe has some additional hooks.

India’s Khatabook raises $60 million to assist merchants digitize bookkeeping and accept payments online

India’s Khatabook raises $60 million to assist merchants digitize bookkeeping and accept payments online

Khatabook, a startup that is helping small companies in India record monetary transactions digitally and accept payments online with an app, has actually raised $60 million in a new financing round as it seeks to acquire more ground on the planet’s second most populated country. The new funding round, Series B, was led by Facebook co-founder […] Khatabook, as well as a handful of young and recognized gamers in the country, is attempting to change that by using apps to enable merchants to digitize their bookkeeping and also accept payments.-backed OkCredit, Ribbit Capital-backed BharatPe, Walmart’s PhonePe and Paytm, all of which have actually raised more money than Khatabook. Khatabook will deploy the new capital to expand the size of its technology team as it looks to develop more items. India’s payments market could reach $1 trillion by 2023, according to a report by Credit Suisse. …