Instamojo Raises Series A From Kalaari Capital

Source: Next Big What

Published on 13th November, 2014

Instamojo has raised Series A funding from Kalaari Capital to with participation from existing investors, i.e. Blume Ventures, 500Startups.  Post  funding,Vani Kola of Kalaari Capital will join Instamojo board along with Karthik Reddy, Managing Partner of Blume Ventures.

Instamojo key competitors include Paytm and PayU, though the company also competes with event solution companies like Explara and MeraEvents.

Source: Next Big What

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