Payleaf, the fast growing eCommerce technology & consulting firm, today announced that it has received Angel Funding of an undisclosed amount from Clarion Venture Partners to fund Payleaf’s growth plans this year. This investment adds to the first round of Angel Funding that Payleaf received earlier last year from CVP for supporting its team expansion, sales and marketing activities.
Payleaf powers several popular eCommerce products today including the online shopping cart platforms - eStore, AddaStore, AddaCart – and the online payment gateway NTPnow, all of them helping small merchants across the globe to create successful eCommerce businesses. Their flagship eCommerce platform, eStore Advanced, is used by a number of small merchants across 15 countries. Entrepreneurs, business owners, merchants and individuals alike use Payleaf products to set-up and grow their online eCommerce business into successful ventures.
“Today lot of small merchants find setting up their online business to be complex, time taking and expensive. Anyone looking to start online has to look for hosting, website, payment options, shopping cart checkout, shipping, security, PCI compliance, merchant account, etc. Payleaf is changing that with its simple all-in-one products so that anyone can start selling online within few minutes without worrying about multiple set-ups and payments” Says Anubhav, CEO and founder of Payleaf.
“This investment will help us reach out to more businesses who need smart eCommerce solutions, to provide highest quality support to our customers and to add new features to our products as per changing market dynamics” adds Anubhav.
“eCommerce is a high growth area in India and most emerging economies. And there’s a huge need of simple cost effective eCommerce solutions which let small merchants exploit the online potential in least time and sans headaches. Payleaf, with its successful platforms like eStore, is working to change the dynamics of eCommerce technology in new geographies of growth” said Ankur Agarwal, Managing Partner of CVP.
Today, 100s of first time entrepreneurs as well as established merchants are using Payleaf products. “I desired a user friendly eCommerce software as well as impeccable customer service. Payleaf’s eStore offered more than we asked for – full support in setting up our online store, great technical and product support, user friendly website and easy navigation” says Heather Davis, President of Sweet Luxuries Boutique Bakery. “Payleaf was recommended to us by our web designer. The designer had success with other websites which he created with eStore Advanced platform and suggested that we use the same company.“
Learn more about eStore Advanced at estoreadvanced.com/.
Payleaf (payleaf.com) offers SaaS based hosted eCommerce products to let small businesses build successful online stores and eCommerce websites. Today, hundreds of small merchants use Payleaf’s solutions for growing their eCommerce business – including Wedding warehouse, Amazon Stingrays, Buy rite vending, Creative Design Outlet, All GSM Cellular, AZream Inc, Del Prado Jewelers, Business over Coffee, etc. They have been supporting small merchants in the US since 1998 and now boast of hundreds of successful merchants across the globe.
About Clarion Venture Partners
Clarion Venture Partners (clarionvp.com) focuses on angel and seed funding for startups in enterprise technology services and solutions domain. It has already invested in 4 early stage start-ups last year and has plans to make at least 15 similar investment in 2012. The promoters of this fund are themselves first generation entrepreneurs, who have built a successful enterprise and understand the challenges, needs and expectations of start ups.