Fintech startup IppoPay Secures $23 Million Investment
CHENNAI, India - August 6, 2024
IppoPay, a Chennai-based fintech startup, has secured an undisclosed investment from Mithun Sacheti, founder of CaratLane.
The investment will be used to accelerate IppoPay's growth and expand its product offerings.
IppoPay is a leading provider of digital payment solutions for businesses. The company's platform enables businesses to accept payments from customers online, in-store, and on mobile devices. IppoPay also offers a range of other financial services, including lending, invoicing, and expense management.
Mithun Sacheti is a successful entrepreneur and investor. He is the founder and CEO of CaratLane, India's largest online jewelry retailer. Sacheti is also a co-founder of the Indian e-commerce company Flipkart.
Sacheti said he is impressed with IppoPay's team and its technology. "IppoPay has a strong understanding of the Indian payments market and has developed a comprehensive suite of products and services that meet the needs of businesses," he said.
IppoPay's CEO, Ankit Bhatnagar, said the investment from Sacheti is a validation of the company's vision and strategy. "We are excited to have Mithun on board as an investor and partner," he said.
IppoPay is a rapidly growing company. The company has processed over $1 billion in transactions since its launch in 2020. IppoPay is backed by a team of experienced professionals with a deep understanding of the payments industry.
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