Chiratae, Beenext lead funding in Shopse and 12 more India deal updates

Chiratae, Beenext lead funding in Shopse and 12 more India deal updates

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.