India’s largest hyper-local mobile marketplace, Zopper has announced the acquisition of EasyPOS Solutions, a cloud based point of sale software for billing, inventory, employee and loyalty management. Zopper has made a cash and stock acquisition in the POS platform with the intent to create a long-term association and value for its partner retailers.
EasyPOS enables businesses to become organised and increase their overall sales. By joining hands with them, Zopper envisions facilitating its partner retailers to provide increased selection and latest prices to its marketplace users on a real time basis.Retailers who have EasyPOS installed will be able to operate on Zopper through EasyPOS’ interface including adding prices to Zopper platform, sharing inventory and accepting and shipping orders.
On this acquisition, Neeraj Jain, Co-Founder Zopper said “EasyPOS is an excellent product built by a brilliant team. Witnessing its tremendous acceptance among sellers, along with its great strategic and cultural fit, we decided to go ahead with the acquisition.”
Meanwhile, Harneet Singh, the CBO of Zopper said, “Our hyperlocal e-commerce model is inclusive and participative in nature. We strongly believe that we can succeed only when our partner retailers are able to do so. Keeping this in mind, we want to add more value for them on our platform. By deploying the EasyPOS solution at the retailers’ outlet, we will be empowering them to make smarter decisions on inventory management, demand estimation, local area consumer marketing, analytics, trends etc. in addition to making the listing, selling and tracking on the Zopper platform easier. We saw EasyPOS and its expertise on POS solutions fitting strategically with the Zopper business model and hence decided to go ahead with the acquisition.”
As per the latest move, there won’t be any new additions to the management team of Zopper. Instead, the EasyPOS co-founders will join Zopper’s senior management team.
Lalit Singh, Co-founder and Director of Business Development at EasyPOS said, “We are excited about our partnership with Zopper and look forward in helping them solve the pain points of the hyperlocal market. We are quite confident that together we can empower the merchants to sell, manage and grow in a better way by using technology.”
As India’s largest hyperlocal mobile marketplace, Zopper’s platform currently features over 15,000+ offline retailers. By marrying the benefits of offline and online channels of shopping, the company brings to its users both the convenience of online shopping and the trust associated with buying electronics from local neighbourhood retailers.