Company was on the verge of shutting down: Instamojo Founder
On-demand payments platform Instamojo Co-founder Sampad Swain has said that the company was on the verge of shutting down earlier this year. "We were dead broke and we had to call Kalaari (Capital) to bail us out," he said. Founded in 2012, the startup allows individuals and businesses to collect online payments by sharing a link with their audience. 