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Ezetap secures Rs 150cr from Horizons Ventures & existing investors

Bangalore-based point of sale (PoS) startup Ezetap has raised Rs 150 crore in a round of funding from existing investors Social+Capital, Helion Advisors and Berggruen Holdings and new investor Horizons Ventures, reports NextBigWhat. As a part of the deal, Social+Capital founder Chamath Palihapitiya will become the chairman of the startup’s board. Ezetap had previously secured an undisclosed amount of funding from American Express in return for a minority stake in March last year. This funding had come a month after the company had secured $8 million investment in Series B funding led by Helion Advisors with participation from existing investors Social+Capital and Berggruen Holdings. In 2012, the startup had raised $3.5 million investment from Social+Capital, Peter Thiel, Nicolas Berggruen & David Sacks. AngelPrime-incubated Ezetap is currently one of several mobile PoS solution providers in India. Its solution comprises of a card reader, a mobile app and a platform that allows the company to provide customized value-added services and integrate with a merchant’s existing systems. Through this solution, merchants can convert their mobile phones into point of sale terminals by plugging in an Ezetap card reader. The company says the card reader can connect to a mobile device via Bluetooth, USB, or Audio and supports feature phones, smartphones and tablets. Its customers include Myntra, BookMyShow, Olacabs, redBus, BigBasket, Temple Tree and Reliance Mutual Fund among others. Clinknow acquisition: In June last year, Ezetap had acquired the Hyderabad-based loyalty platform Clinknow to launch an integrated payments and loyalty solution for merchants across…

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