Predict your next investment

INTERNET | Internet Software & Services / Payments
zwitch.co

See what CB Insights has to offer

Stage

Acquired | Acquired

About Zwitch

Zwitch, founded in 2013, is a full-stack payment platform enabling developers to accept online and mobile payments. The company has over 1,000 merchants onboard and records daily transactions of about Rs 10 lakh.

Zwitch Headquarter Location

Pentaken Tower,#401, 28th Main Road Unit E-2, 4th Floor, 1st Block, HSR Layout

Bengaluru, 560102,

India

Latest Zwitch News

Citrus Pay Acquires Bangalore Based Payment Platform Zwitch

Oct 21, 2015

Google Pinterest Reddit Citrus Pay , an online payment solutions company, has acquired Bangalore-based payment platform Zwitch for an undisclosed amount. As a part of the deal, Zwitch’s 10 member team will join Citrus Pay and will relocate to Mumbai. Anish Achuthan, co-founder of Zwitch will lead Citrus’ new initiatives for expanding the company’s offerings to emerging verticals such as social commerce and hyper-local commerce.While, Mabel Chacko, the other co-founder of Zwitch, will handle program launches and initiatives for startups and developers, helping them adopt Citrus, while also improvising the company’s digital merchant acquisition plan. The financial terms of the deal have been kept undisclosed by the company. Also Read:  Micromax Invests In Product & Saving Discovery Platform, Scandid Zwitch, founded in 2013, is a full stack payment solutions platform that enables developers to accept online & mobile payments. The platform, currently has over 1000 merchants onboard. The startup also claims to have processed transactions worth over $15K (INR 10 lakh) already on its platform. This is Citrus’ first acquisition. Recently, the company was in the news for raising $ 25 Mn from VC firms such as Sequoia Capital and private equity firm Ascent Capital . “We envisage that social payments and social marketing to be really important going forward, we are looking to position ourselves to be a leading player in this emerging consumer-to-consumer segment,” said Amrish Rau, MD, Citrus Pay. Also Read:  MebelKart Acquires 53central, Will Introduce Bulk Selling Citrus Pay is targeting revenue of between $26 Mn – $30 Mn (INR 180 Cr – 200 Cr) for the current fiscal. It currently has 15 Mn wallet users and caters to more than 7000 merchants. It has already crossed $2 Bn in GMV and expects to touch $4 Bn by the end of the financial year. Citrus’ payment gateway is being used by companies like Indigo, Go Air and Amazon India. Welcome to Flash Feed , your essential source for breaking news and innovation from around the web – bite-sized and updated all day. Advertisement

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Zwitch

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Zwitch is included in 2 Expert Collections, including India Fintech Landscape.

I

India Fintech Landscape

430 items

F

Fintech

10,749 items

Excludes US-based companies

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.