Times Group Invests INR 7 Cr In Instamojo Post GetMeAShop Acquisition


Instamojo raised $944K from Times Internet, this comes after Instamojo acquired GetMeAShop from Times Internet for $5 Mn last month.


Times Internet Limited has bought 4,435 Series A CCPS worth INR 6.99 Cr, besides this Instamojo would also issue 9,124 shares worth INR 12.4 Cr to Times Internet against consideration towards the acquisition of GetMeAShop


Instamojo allows users to accept payments using credit and debit cards, e-wallets and unified payments interface (UPI). The company helps merchants to create a digital presence and manage the online payments process for their businesses.


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