Online shopping platform has acquired mobile payments firm Momoe Technologies to add a payment service to its platform. The deal amount is still undisclosed by both the companies.

Post acquisition, ShopClues will use Momoe’s technology to boost its payment network for merchants and will look to tie this in its hyperlocal commerce business, as per LiveMint report.

Momoe was founded in June 2014 by Utkarsh Biradar, Karthik Vaidyanathan, Ganesh Balakrishnan, Neelesh Bam and Aiman Ashraf, the company allows users to pay offline merchants like restaurants, grocery stores, electronics, pharmacies, spas and salons. Using the app, customers can pay for products and services using credit cards, debit cards, net banking and mobile wallets.

In February 2015, Momoe raised close to $1.2 million from IDG Ventures India, Jungle Ventures and India Quotient. The firm currently has 4,000 merchants on its platform in Bengaluru and Pune.

Momoe, which has around 40 members on its team, will be absorbed by ShopClues, as part of the acquisition.

US-based ShopClues, which in September launched a chat feature ShopClues Connect for consumers to directly interact with sellers, is likely to use Momoe’s technology to further strengthen this platform and ease transactions. It will also help ShopClues’s hyperlocal commerce platform, which has been launched in Gurgaon and is currently in the beta stage.

ShopClues, which in January raised close to $100 million—largely from sovereign wealth fund GIC Pte Ltd of Singapore claims to have 190 million monthly visitors on its website. It has over 5 crore listed products and over 500,000 merchants on its platform. Other investors who backed the company include Tiger Global Management Llc, Nexus Venture Partners and Helion Ventures.

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