Oct 2014

Flipkart makes a strategic investment in ngpay

Signal Hill India is pleased to announce that its client, Flipkart, India’s largest e-commerce company, has made a strategic investment in ngpay, a leading mobile payments platform. This marks Signal Hill India’s tenth transaction since it started operations in 2012 and its sixth transaction in 2014.

ngpay was founded in 2008 by Sourabh Jain and allows users to buy goods and services including merchandise, flights, trains, bus tickets and mobile recharges with their mobile devices.

“Sourabh Jain’s expertise will help us drive innovation in payments with features and products that provide an end-to-end customer experience,” said a Flipkart spokesperson. “This partnership will help us in redefining the payments ecosystem in India.”

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