Checkout solutions provider Nimbbl has raised $3.5 million from Sequoia Capital India, Global Founders Capital (GFC), and stock brokerage firm Groww.
Sequoia Capital India led its seed round, which first closed in July 2021
Nimbbl raised additional funds earlier this year, led by both Sequoia Capital India and Groww. GFC participated in both funding rounds.
Nimbbl said it would use the proceeds from the latest round to scale up its platform and go deeper into its affordability and multi-currency payment offerings.
It will also look to hire across sales and technology functions, said cofounder Anurag Pandey.
Founded in October 2020 by former Citrus Pay and PayU executives Pandey and Amit Bansal, Nimbbl currently provides checkout solutions to online businesses including integrations with buy-now-pay-later (BNPL) players as well as single point integration with top payment aggregators including Razorpay, PayU, Cashfree Payments, and CCAvenue.
It also helps merchants send out payment links and e-commerce plugins such as Shopify and Woocommerce among others.
The startup said 4,000 merchants were using its platform, including Go First airline, and direct-to-consumer brands like Skullcandy, Upkarma, and Kapiva.
It plans to scale this up to around 20,000 merchants by the end of the next fiscal year (FY24).
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