Paytm acquires Shopsity to achieve its target of 4 million O2O merchants
Post By Gautam lal on 12-November-2016
Online payments and ecommerce portal Paytm has acquired Shopsity, a Delhi based online-to-offline(O2O) mobile platform focused on small and unorganised retailers for an undisclosed amount.
Through this deal paytm will increase its offline merchant count currently at 800,000. This will also help paytm to meet their target of 4 million offline merchants by 2017.
The co-founders of Shopsity Danish Ahmed and Gaurav Arya have joined Paytm’s management and are actively working to strengthen seller services.