“In effect, Instamojo will now allow anybody to basically buy domains, build their web stores, get pre-integrated payment processing, logistics, drop shipments and lending, so that they can own the entire lifecycle of an MSME,” Swain said.Post the acquisition, the combined merchant base is expected to be about 1.2 million, according to Swain.

The combination will help Indian MSMEs to take their offerings online without any friction,” Abhishek Mitra Gupta, vice president at Times Internet, said.

Instamojo, which claims to have about 1 million merchants on its platform, will compete with the likes of Shopify, the New York Stock Exchange-listed ecommerce platform, which has a market capitalisation of over $56 billion, ad has a presence in India.“With our full-stack SaaS offering for MSMEs with web and commerce builder, CRM and analytics built-in, we augment the existing offerings of Instamojo perfectly.

It’s a 1 plus 1 equals 11 combination.

Looking forward to an amazing journey of growth and empowerment of SMEs,” Srivastava, CEO of GetMeAShop, said. | To read full story, visit https://startuparound.com/read/1580891415.0046866/Instamojo-acquires-Times-Internet-owned-digital-commerce-startup-GetMeAShop?ref=audio_experience