This opens an immense opportunity for startups such as ZestMoney, Rubique, LoanTap and others in the space, as it helps take their products to millions of customers who shop online.
India's ecommerce giants such as Amazon, Flipkart, Myntra and ShopClues have conveyed to the finance ministry and GST Council that they will have a tough time with compliances if they have to register in individual states.
The company is believed to have been valued at $400 million as part of the current round.
Loadshare will utilise the current round of capital for hiring talent in engineering and operations team.
It plans to sign up government institutions such as electricity boards and insurance companies to create use cases for Amazon Pay outside its online marketplace.
Chief executive to handle human resources department at India's largest ecommerce co for now.
Shared workspaces provider finalises one more location in Bengaluru, 2 in Delhi.
The retailer, which is expected to bag a SBRT license by early July, is looking at expanding its presence to10-15 new cities in 2017 with the franchisee model.
The nation's largest online retailer, which is eyeing the monthly shopping basket of users on the platform, will roll out the services in July, said sources familiar with the matter.
Latest tranche is part of $130-million round that also saw participation of The Carlyle Group
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