As a mobile payments app, Momoe allows users to pay offline merchants like restaurants, grocery stores, electronics, pharmacies, spas, salons etc. Using the app, customers can pay for products and services using credit cards, debit cards, net banking and mobile wallets. Founded by Utkarsh Biradar, Karthik Vaidyanathan, Ganesh Balakrishnan, Neelesh Bam and Aiman Ashraf, Momoe had raised $1.2 million in seed funding in December 2014 from three investors - IDG Ventures, Jungle Ventures and India Quotient. In July 2016, Gurgaon-based online marketplace ShopClues acquired Momoe.