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Instamojo raises fresh capital from Gunosy and Base; to explore global markets

Singapore-based Gunosy Capital and Japan-based Base have invested an undisclosed sum in Instamojo, a digital enabler and payments platform for micro-businesses. This is the second investment from Gunosy Capital to Instamojo. In January 2019, Gunosy had participated in Instamojo’s Rs 50 crore Series B round.

The investment from Base is strategic for the Bengaluru-based company. Base went public in September 2019 and is known as Shopify of Japan. For the past year, Instamojo has been positioning itself as a digital enabler for small merchants and besides capital Base would help it in overseas and local markets with expertise and technology. 

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