Bengaluru: Zopper, India's largest hyper local mobile marketplace, announces its strategic partnership with mobile payment wallet service Ola Money. Under this agreement, Zopper will use Ola Money as a premium payment method on its platform. The company also said that it might roll-out discounts and cash backs during the initial phase to attract consumer usage.
Speaking on the occasion, Neeraj Jain, Co-Founder & CEO, Zopper, says, “Zopper was established with an aim to provide best online and offline shopping experience to Indian consumers. This empowers our customers with faster payment processing by removing the hassle of multi-layered authentications and OTPs that are usually encountered while shopping online”.
Currently, Ola is among the top three mobile wallet firms in India in terms of financial transactions with over 20 million users relying on it for their online payments. Through this alliance, Zopper plans to simplify the online payment procedure on its platform through Ola Money’s one touch checkout feature.
Founded by Neeraj Jain and Surjendu Kuila, Zopper brings both online and offline retails on a common platform to connect with Indian consumers. It enables the users to buy their preferred items from the comfort of their homes and get the items delivered from the trusted stores in their vicinity. Since its inception in 2011, the company is backed by renowned investors like Tiger Global, Blume Ventures and Nirvana Ventures Advisors, raising $6.5 million in its Series-A funding and $20 million in its Series-B funding. The company also revealed that it is planning to expand its business operations to over 30 Indian cities and host over 250,000 offline and 2,000 online retails in the days to come.