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Flipkart’s PhonePe Acquires Leading Hyper Local POS Platform

17Jul By Gauri SinghNo Comments

ACQUISITION

Flipkart’s PhonePe Acquires Leading Hyper Local POS Platform

One of the leading digital payment platforms PhonePe that is owned by Flipkart has announced that the company has reportedly acquired Zopper Retail which is a hyper-local POS (point of sales) marketplace. However, the amount of the deal has not been disclosed. Neeraj Jain who is the founder and CEO of Zopper, will be joining the PhonePe team as head of product in offline merchant solutions. Sameer Nigam, CEO of PhonePe said, “We welcome the Zopper Retail team to PhonePe and are excited leveraging their domain expertise to rapidly expand our offline merchant network across India. Zopper has a very strong technology and innovation DNA, and Neeraj and team are also a great culture fit for PhonePe. Zopper Retail is specifically designed to meet the needs of millions of small retailers in I...

Flipkart Row Will Affect Startups Hiring Market

Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining safer companies after the Flipkart fiasco, say experts. The e-commerce major has deferred joining dates for campus hires from IIM Ahmedabad and IITs citing restructuring of its businesses, for which it has got a lot of flak from the colleges as well as the industry. Reports suggest Flipkart is not the only company from e-commerce and related sectors to have deferred the joining dates for their campus hires and there are many others including InMobi, CarDekho and Hopscotch. According to industry and HR experts, it might also bring a lot of pressure on reputation, success and unpredictability of the educational institutions concerned as it di...

Zopper acquires cloud-based Retail EasyPOS

Zopper, a hyper-local market place has acquired EasyPOS Solutions, a cloud based point of sale software system for billing, inventory, employee and loyalty management. The company has acquired the POS platform in mixed cash and equity deal and has valued the company at Rs 33 crores, with the intent to creating a long-term association and value for its partner retailers. A POS solution helps a company organise its overall sales and gives it an easy reach to small and medium enterprises. By joining hands with EasyPOS, hyper local company facilitating its partner retailers to provide increased selection and latest prices to its marketplace users on a real time basis. Neeraj Jain, co-founder Zopper said: "EasyPOS is an excellent product built by a brilliant team. Witnessing its tre...