Deal Announcement

Signal Hill advises Flipkart on a strategic investment in ngpay

29 Oct 2014

Signal Hill India* is pleased to announce that its client, Flipkart, India’s largest e-commerce company, has made a strategic investment in ngpay, a leading mobile payments platform. This marks Signal Hill India’s tenth transaction since it started operations in 2012 and its sixth transaction in 2014.

ngpay was founded in 2008 by Sourabh Jain and allows users to buy goods and services including merchandise, flights, trains, bus tickets and mobile recharges with their mobile devices.

*Signal Hill is a legacy firm of DC Advisory US. Find out more >

Deal Team

Klaas Oskam

Managing Director
India

Meherzad Kelawala

Director
India

“Sourabh Jain’s expertise will help us drive innovation in payments with features and products that provide an end-to-end customer experience. This partnership will help us in redefining the payments ecosystem in India.”

Flipkart spokesperson