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Shopmatic merges with retail management firm Octopus

The merged entity will acquire 5,00,000 customers, and expects to hit $10 million in revenues by 2019.

ET Bureau|
Mar 27, 2019, 08.34 AM IST
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"Our merger with Octopus will enhance the offline-online synergy," said Anurag Avula, cofounder, Shopmatic.
BENGALURU: E-commerce solutions provider Shopmatic has merged with retail management platform Octopus in a bid to offer their customers across Asia Pacific, Middle East, and the United States a combined offline and online digital ecosystem.

The combined entity will acquire 5,00,000 customers, and expects to hit $10 million in revenues by 2019, the companies said. “Our merger with Octopus will enhance the offline-online synergy. Their strength and experience in cutting-edge Pointof-Sales suite of solutions will be of immense value to merchants across the Apac region,” said Anurag Avula, co-founder, Shopmatic.

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