Printo in an acquisition mode – acquires Inkmonk

Bangalore based Printo, has expanded its portfolio with yet another acquisition. The company acquired Inkmonk, a Chennai based online marketplace for custom print products. This acquisition comes soon after the recent take over of Canvera. Inkmonk was co-founded by Isaac Wesley and Surya Sankar, in Chennai in 2014. Post this acquisition, the founders will join the Printo management. Inkmonk focusses on small businesses who need printing of visiting cards, flyers, custom packaging, t-shirts, labels and stickers.

“Printo has a strong retail presence in multiple cities and we are witnessing a strong demand for print-and-pick-up through our online platform. Inkmonk's strong consumer and digital marketing understanding and technology expertise will help harness this demand. This strategic acquisition enables Printo to offer a seamless, omnichannel experience to our customers.” Says Balu Iyer, CEO of Printo.

Manish Sharma, Founder of Printo comments “This is an exciting time for Printo as we keep building for profitable growth. In Isaac and Surya, we have found the rare combination of technocrats with ambition and humility, adding heft to Printo management. Just like Canvera, Inkmonk will continue to grow as an independent brand.”

Printo was started in Bengaluru in 2006 by Lalana Zaveri and Manish Sharma. Sequoia Capital was an early investor in Printo before its stake was bought out by the founders and Blume Ventures in 2012.

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