In-restaurant payments app Ruplee has been acquired by former Foodpanda MD Rohit Chadda’s new venture Paylo.in.
Rohit exited Foodpanda and founded Paylo.in with a vision to digitise offline retail payments. The company had raised seed funding from investors in August last year.
Ruplee had launched its operations in October 2014 to capture the offline payments space in the dine-in segment. Today, the company partners over 300+ restaurants across Delhi NCR.
Paylo.in team’s expertise in building and scaling businesses will help Ruplee’s current management to capitalise on technical experience in the F&B payments space and build on the foundation laid by them.
The transaction will see a merger of both teams and products helping Ruplee evolve into an omni-channel payment platform from an app-only play in addition to expanding its cashless payments experience to more verticals beyond food where it already enjoys a first-mover advantage.