Amazon Technologies has acquired Bengaluru-based retail technology startup Perpule’s point-of-sale asset called Ultra POS for $14.7 million.
Perpule’s Ultra POS is an integrated billing solution for offline stores. Perpule also helps offline stores have presence on various mini app stores. Perpule’s POS team will be joining Amazon.
“Perpule has built an innovative cloud-based POS offering that enables offline stores in India to better manage their inventory, checkout process, and customer experience,” an Amazon spokesperson said in a statement.
The company is likely to spend an additional $5 million (Rs 36.5 crore) or so to compensate Perpule’s employees, TechCrunch reported on Wednesday, citing a regulatory filing.
The four-year-old tech startup received its first external funding by Kalaari capital in 2016.