MobiKwik Systems, mobile wallet company, has raised about $50 million (332 crore) in fresh capital, in a new round led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek..The Series-C round, also saw participation from the company’s existing investors Sequoia Capital and Asia-focused hedge fund Tree Line Asia..BMR Legal acted for MobiKwik with a team led by Partner Amit Khansaheb along with Rishi Jain, Ankita Kumar and Tejas Patel..Shardul Amarchand Mangaldas acted for GMO and MediaTek and the team included Partner Nishant Joshi, Principal Associate Promode Morgavelu and Associate Ishita Bharadwaj..AZB & Partners acted for Tree Line with a team led by Delhi Partner Gautam Saha along with Senior Associate Dushyant Bagga..Themis Associates’ Senior Associate Dheeraj Khanna and Associate Rayan Azmi advised Sequoia..MobiKwik will utilise the capital to speed up product innovation, grow its team and userbase as it attempts to take on giants Paytm and Snapdeal owned Freecharge, reports ET.
MobiKwik Systems, mobile wallet company, has raised about $50 million (332 crore) in fresh capital, in a new round led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek..The Series-C round, also saw participation from the company’s existing investors Sequoia Capital and Asia-focused hedge fund Tree Line Asia..BMR Legal acted for MobiKwik with a team led by Partner Amit Khansaheb along with Rishi Jain, Ankita Kumar and Tejas Patel..Shardul Amarchand Mangaldas acted for GMO and MediaTek and the team included Partner Nishant Joshi, Principal Associate Promode Morgavelu and Associate Ishita Bharadwaj..AZB & Partners acted for Tree Line with a team led by Delhi Partner Gautam Saha along with Senior Associate Dushyant Bagga..Themis Associates’ Senior Associate Dheeraj Khanna and Associate Rayan Azmi advised Sequoia..MobiKwik will utilise the capital to speed up product innovation, grow its team and userbase as it attempts to take on giants Paytm and Snapdeal owned Freecharge, reports ET.