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.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from April 5-7, 2021.
