Company Research Report: One Sigma Technologies Private Ltd. (Simpl)

Company Overview

Name: One Sigma Technologies Private Ltd. (Simpl)

Mission of the Company: Simpl aims to empower consumers and merchants by providing innovative commerce solutions rooted in trust, transparency, and modern financial values.

Founded: 2015

Founders: Nityanand Sharma (Co-founder and CEO)

Key People in the Company:

Nityanand Sharma, Co-founder and CEO

Russel, Chief Financial Officer

Puneet Singh, Chief Technology Officer

Khanaz K.A, CXO - Head of D2C

Sneha Arora, Chief Human Resource Officer

Vivek Pandey, SVP - Engineering

Neha, VP - Human Resources

Headquarters: Bengaluru, Karnataka, India

Number of Employees: No information is available.

Revenue: No information is available.

Company Specialization: Simpl is known for its seamless and secure checkout solutions that facilitate digital payments for over 26,000 brands.

Products

Simpl Checkout

Description: Simpl Checkout allows shoppers to pay seamlessly across the merchant network without server, payment, and OTP hassles.

Key Features:

Hassle-free payments every 15 days

No extra charges

Wide merchant network

Simpl Pay After Delivery

Description: Simpl verifies and bills orders post-delivery, allowing customers to skip cash hassles.

Key Features:

Pay back by the 5th or 20th of the month

Easy and seamless process

Simpl Pay Later

Description: Provides the convenience of an online khata connected to over 26,000 merchants.

Key Features:

Buy anything online with one tap

Pay later

Simpl Pay In 3

Description: Allows splitting purchases into three interest-free payments.

Key Features:

Confirm payment at checkout

Complete the rest in two subsequent monthly payments

Recent Developments

New Products Launched

No specific new product launches are detailed.

New Features Added

No specific new features for existing products are detailed.

New Partnerships and Developments

December 20, 2023: Partnership with Swiggy to offer Simpl's 1-tap Checkout for Swiggy's food delivery, Instamart, Dineout, and Swiggy Genie.

November 2, 2023: Association with Myntra to provide 1-Tap Checkout for enhanced checkout convenience.

Other Key Developments

December 27, 2023: Simpl's 2023 Yearly Checkout Scan revealed a 150% increase in weekend consumer spends compared to 2022.

December 22, 2023: Reported that D2C merchants from Tamil Nadu saw up to a 2X increase in conversions post-festive season.

November 30, 2023: Announced plans to onboard over 2,000 D2C merchants from West Bengal in the next 2-3 years.

November 27, 2023: D2C merchants from Maharashtra registered up to 100% increase in conversions due to a strong festive season.

Summary

Simpl, a product of One Sigma Technologies Private Ltd., is a cutting-edge digital payments network that simplifies online commerce for shoppers and merchants. With a growing network of over 26,000 brands, Simpl offers a variety of payment options that cater to diverse consumer needs, ranging from seamless checkouts to flexible payment plans. The company continues to innovate and expand its presence through strategic partnerships and continuous enhancement of its service offerings.