Paylo.in, a multi-channel offline payment platform led by Foodpanda’s ex-managing director Rohit Chadda, has acquired in-restaurant payments app Ruplee I Pay Solutions for an undisclosed sum.

The deal will see a merger of both the firms’ teams and products. It will also enable Ruplee to evolve into an omni-channel payment platform from an app-only play besides expanding its cashless payment experience to more verticals.

Paylo.in team will help Ruplee’s current management to capitalise on technical experience in the food and beverage payments space and build on the foundation laid by them.

Founded in 2015 by Chadda, Paylo had raised seed funding from investors in August 2015.

Established in October 2014, Ruplee captures the offline payments space in the dine-in segment. The company has already partnered with over 300 restaurants in Delhi NCR.

Ruplee founder Natasha Jain said: "The rich experience in the Indian e-commerce market that Rohit and Paylo’s team bring will enable us to rapidly scale and congeal our position as a market leader."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Chadda said: "With both the Ministry of Finance and the Reserve Bank of India recently announcing guidelines to push digital payments and card acceptance infrastructure, the real opportunity for us is now to build on and scale further Ruplee’s current outreach."