Times Internet* (TIL) has acquired Get Me A Shop (GMAS), a startup which brings businesses online with a suite of technological applications, for an undisclosed amount. The acquisition will help TIL enhance its offerings across verticals. According to its press statement, GMAS will continue to operate as a startup, without any change for its current customers. It will be able to leverage TIL’s reach in the small and medium business segment and let merchants advertise to their customers locally.
The startup was founded in 2013 and allows offline businesses to create and manage their websites and mobile apps, set up an online store with payments and logistics services. After setting up a website and the app, businesses can track metrics, analytics, inventory management, marketing campaigns via SMS, email, social media, and customer engagement via a dashboard, which the company claims can be set up in minutes. It claims to have worked with over 1,800 businesses in the country.
As of now, it lists two yearly plans for its customers, of which one is free and the other is undisclosed, but a little search shows us that it previously offered plans ranging from Rs 100 per month to $20 per month. The company was also a part of TLabs’ fourth batch. Users can also sign up with their own domain if they have one, and the company claims that it does not charge percentages or fees of the business. For payment gateways, the company partners with MobiKwik, PayPal, PayU and Shmart, while its messaging and shipping partners are MSG91; Delhivery and Aramex, respectively.
Recent developments at Times Internet:
Taskbucks investment: Last month, the company invested $15 million for an majority stake in services startup Taskbucks. The Gurgaon-based company was founded in 2014 by Kumar Apurva and is a mobile-only tasks marketplace that connects users with brands and enterprises.
InResto acquisition: In September, Times Internet’s table reservation platform Dineout acquired Bangalore-based restaurant management company inResto for an undisclosed amount. Dineout would offer an end-to-end restaurant management with inResto’s product.
SmartSpends app: In July, the company launched an Android app called SmartSpends which organised a user’s spends into categories like travel, dining and entertainment etc. It also claimed to organise spends by merchants and accounts, and set an automated bill calendar, with the help of algorithms.
JiffStore investment: In June, mobile grocery delivery marketplace JiffStore raised additional but undisclosed amount funding from Unitus Seed Fund and Times Internet, to expand its store network, marketing, hiring, and improving the technology platform.
Uber investment: In March Times Internet entered into a strategic partnership with Uber in a deal that was “centered around a commercial marketing arrangement accompanied by a small investment”.
Culture Machine investment: In February, digital video network Culture Machine raised $18 million from Tiger Global Management and existing investors Times Internet and Zodius Capital, to invest in technology and content.
Check our Times Internet coverage here.
Disclosure: Times Internet is an advertiser with MediaNama