Friday, 24 March, 2023

Amazon acquires India's retail startup Perpule

<p>Amazon has acquired Perpule, a four-year-old Indian startup helping offline stores to go online. The e-comm firm paid $14.7 mn to acquire the startup in an all-cash deal. Amazon will spend an additional around $5 mn to compensate the employees of Perpule. The startup, which had raised $6.36 mn, provides a mobile payments device to offline retailers for accepting digital payments and help them to have a presence on various mini-app stores -- Paytm, PhonePe and Google Pay.&nbsp;</p>