ShopClues acquires mobile payments startup Momoe
Gurgaon-based online marketplace ShopClues on Friday acquired mobile payments startup Momoe Technologies. ShopClues will reportedly use Momoe’s technology to boost digital payments on its platform. IDG Ventures, Jungle Ventures and India Quotient had invested $1.2 million in Momoe in 2014, and will receive cash and stock in ShopClues as part of the transaction.