Instamojo

Instamojo is an online platform that facilitates customers to sell their digital goods like eBooks, reports, music, software etc. by listing the item on the website and sharing the web link with others. Instamojo also has a hassle-free payment checkout system and the payout is done in 3 days to the bank account of customer's choice. Takes a commission of 5% per transaction for digital products hosted on its site, and 1.9% for products hosted on other storefronts. Started support for selling physical goods in June 2014. Backed by prominent angel investors such as Rajan Anandan, Sunil Kalra, and Dave McClure. Raised Series A from Kalaari Capital in Nov 2014. In Aug 2016, Instamojo started accepting digital wallets through its payment gateway. Partnered with ICICI Bank to roll out UPI-based payments