Simpl offers a buy now pay later (BNPL) mobile application. It allows users to split their purchases into interest-free installments, consumers and merchants to have control over their commerce experiences, and more. The company was formerly known as Get Simpl. It was founded in 2015 and is based in Bengaluru, India.
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Pay-Later is a digital payment option for e-commerce and mobile commerce in India that allows consumers to aggregate transactions across Simpl's network of currently 4,900 merchants and settle their bill with Simpl every 15 days. Key use cases are food and grocery delivery, mobility, hyperlocal commerce, online retail, travel, digital media, subscriptions; the average customer transacts more than 5 times per month using Simpl. In essence, Simpl Pay-Later is a 1-click mobile-first charge card
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CB Insights Intelligence Analysts have mentioned Simpl in 3 CB Insights research briefs, most recently on Mar 15, 2022.
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Latest Simpl News
Sep 17, 2023
SHARE Share story India's demographic dividend, typified by its youthful population, with a median age of approximately 28, presents an enticing market for D2C brands D2C brands in India have outgrown their domestic aspirations and are now setting their sights on the global arena Although venturing into international markets presents a unique set of challenges for D2C brands “The world is your oyster.” – William Shakespeare Within the expansive domain of commerce, the notion of globalisation has transcended its previous status as a mere choice and has now become an indisputable necessity. The traditional limit that once confined entrepreneurs within their respective geographical boundaries have now dissolved, giving rise to a new era of bold and ambitious ventures that transcend the limitations of space. In this era characterised by remarkable digital innovation, Indian direct to consumer (D2C) brands have emerged as trailblazers, fearlessly expanding their horizons beyond national boundaries to unlock the vast possibilities of introducing their products and services to the global arena. Equipped with a potent blend of ingenuity, unwavering resolve, and a profound grasp of the global market dynamics, these pioneering ventures are fearlessly navigating unexplored territories and expanding their influence to every corner of the world. The Ascendance Of D2C Brands In India The ascendancy of D2C brands in India is inextricably linked to the transformative forces of ecommerce and digital technology. The fusion of these elements has not only revolutionised consumer behavior but has also provided fertile ground for a new breed of entrepreneurs. These agile enterprises, unburdened by the shackles of traditional retail, have adeptly harnessed the power of online platforms to not just showcase their products but also to cultivate meaningful engagements with their patrons. This direct, intermediary-free interaction fosters a profound and intimate bond between businesses and their target audience. Seizing The Demographic Dividend Of India India’s demographic dividend, typified by its youthful population, with a median age of approximately 28, presents an enticing market for D2C brands. As this demographic cohort accrues greater disposable income and becomes increasingly tech-savvy, its consumption patterns are undergoing a discernible transformation. D2C brands are well-positioned to cater to the evolving tastes and preferences of Indian consumers. Drawing from their intimate knowledge of local trends, these brands are adept at tailoring their offerings to meet the evolving desires of their compatriots. From Local Pioneers To Global Titans: A Paradigm Shift D2C brands in India have outgrown their domestic aspirations and are now setting their sights on the global arena. This ambitious shift, once reserved for corporate giants, is exemplified by companies such as Mamaearth and boAt. These trailblazers have not only achieved success on the international stage but have also exported elements of Indian culture and values. They serve as exemplars of how Indian D2C brands are poised to make their mark globally. Navigating The Complexities Of Global Expansion Venturing into international markets presents a unique set of challenges for D2C brands. Beyond the realm of domestic business, they must grapple with regulatory complexities, cultural subtleties, and fierce competition from established global brands. To surmount these formidable hurdles, successful startups invest heavily in comprehensive market research, precise localisation efforts, and agile adaptability. They meticulously tailor their strategies to resonate with diverse audiences and foster trust in new and unfamiliar territories. Technology As The Bedrock Of Success Central to the meteoric rise of D2C brands is their deft utilisation of technological innovations. Advanced algorithms, driven by artificial intelligence, facilitate personalised product recommendations. In-depth data analytics provide profound insights into consumer behavior, empowering startups to make informed decisions. Cutting-edge ecommerce platforms not only streamline the shopping experience but also foster customer loyalty through enhanced convenience and service. These startups, powered by data-driven insights, consistently refine their product offerings, optimise supply chains , and elevate the overall customer experience. The Ecosystem Of Support: Nurturing Growth The proliferation of D2C brands in India is, in part, attributable to the robust ecosystem of support that surrounds them. Incubators, accelerators, and government initiatives play a pivotal role in nurturing these enterprises. They extend mentorship, offer financial backing, and create opportunities for networking and collaboration. This supportive ecosystem enables startups to fine-tune their strategies, access critical resources, and ultimately, catapult themselves onto the global stage. The Future Of D2C: A Canvas Of Infinite Potential? As D2C brands continue to evolve, the horizons of their aspirations seem boundless. Their potential for redefining traditional supply chain and distribution models extends as far as the global market itself. One lingering question looms large: Can these brands transcend the conventional boundaries between producers and consumers to the point where they are blurred entirely? Can they democratize production, granting consumers an active role in shaping the products they desire? The world watches with anticipation as these brands push the boundaries, positioning the globe as their oyster, with possibilities as vast as the imagination allows. Awaiting The Uncharted In the grand tapestry of commerce, Indian D2C brands are intricately weaving a narrative that transcends borders, touching the farthest reaches of the globe. Their journey from humble local beginnings to global prominence symbolises the interconnected world we inhabit today. Yet, as this remarkable transformation unfolds, a captivating question emerges: Can D2C brands rewrite the rulebook of commerce to the point where the boundaries between producers and consumers cease to exist? As we gaze with rapt attention, these D2C brands continue to challenge the status quo, presenting the globe as their oyster, brimming with untapped possibilities that beckon the curious and the bold. A Message From Simpl: Low consumer trust, sluggish checkout and a broken post-checkout experience leads to low conversions, high CoD share and high RTOs for D2C ecommerce. See how Simpl can help. .
Simpl Frequently Asked Questions (FAQ)
When was Simpl founded?
Simpl was founded in 2015.
Where is Simpl's headquarters?
Simpl's headquarters is located at 12th Main Hal 2nd Stage, Indiranagar, Bengaluru.
What is Simpl's latest funding round?
Simpl's latest funding round is Series B.
How much did Simpl raise?
Simpl raised a total of $57M.
Who are the investors of Simpl?
Investors of Simpl include IA Ventures, Valar Ventures, Recruit Strategic Partners, FJ Labs, Green Visor Capital and 6 more.
Who are Simpl's competitors?
Competitors of Simpl include ZestMoney, Kredivo Holdings, Mondu, Actyv.ai, MoneyView and 8 more.
What products does Simpl offer?
Simpl's products include Pay-Later and 2 more.
Who are Simpl's customers?
Customers of Simpl include Zomato, JioMart, BigBasket, Dunzo and MakeMyTrip.
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