Ezetap Raises Rs. 150 crores in Funding; Chamath Is Now Board Chairman

Ezetap processes transactions worth over $1 million per day. The company deploying over 60,000 new points of sale across India in under 30 months. Chamath of Social + Capital is now the board Chairman

Ezetap has raised Rs. 150 crores in fresh funding.

Ezetap’s current investors; Social+Capital, Helion Advisors, and Berggruen Holdings are joined by Horizons Ventures, the private investment arm for Li Ka-Shing, and the Capricorn Investment Group in this round.ezetap_jpjul

Social+Capital founder Chamath Palihapitiya will become Chairman of Board – the first time the former Facebook executive has taken on this role with a portfolio company outside the United States (Chamath’s Social + Capital is also the lead investor in Prime Ventures, the fund behind Ezetap).

https://www.youtube.com/watch?v=L9CYKfWNCjI&feature=youtu.be

Started in 2011 and launched in 2013, Ezetap has deployed over 60,000 new points of sale across India in under 30 months. Ezetap processes transactions worth over $1 million per day and has a customer base ranging from the most well known enterprises to tens of thousands of small retail businesses.

Plus, Ezetap is activating over 500 new small retail merchants a week and will use some of its funds to increase that by 5X in the next few months.

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