Mumbai-based mobile point-of-sale services provider Mswipe Technologies has raised $25 million (159 crore) in its Series C round of funding from Meru Capital and Ola..Clove Legal Partner Amit Sirsikar acted for Mswipe..Khaitan & Co acted for Meru Capital with a team led by Delhi Partner Joyjyoti Misra, along with Principal Associate Arjun Rajgopal and Associate Nidhi Killawala..IndusLaw acted for Ola with a team led by Partner Gaurav Dani..Its existing investors—Matrix Partners India, Axis Bank and DSG Consumer Partners—also participated in the funding round..For US-based hedge fund Meru Capital, this is the first known investment in India and for Ola too, this is the first known venture style investment in another Indian startup, reports VCCircle.
Mumbai-based mobile point-of-sale services provider Mswipe Technologies has raised $25 million (159 crore) in its Series C round of funding from Meru Capital and Ola..Clove Legal Partner Amit Sirsikar acted for Mswipe..Khaitan & Co acted for Meru Capital with a team led by Delhi Partner Joyjyoti Misra, along with Principal Associate Arjun Rajgopal and Associate Nidhi Killawala..IndusLaw acted for Ola with a team led by Partner Gaurav Dani..Its existing investors—Matrix Partners India, Axis Bank and DSG Consumer Partners—also participated in the funding round..For US-based hedge fund Meru Capital, this is the first known investment in India and for Ola too, this is the first known venture style investment in another Indian startup, reports VCCircle.
