Mswipe Technologies Pvt. Ltd., which makes Point
of Sale (PoS) machines for merchants, said that it raised $10 million in
funding from B Capital Group and DSG Consumer Partners, closing its Series D
“At Mswipe, we are at the forefront of the
payments revolution by powering acceptance infrastructure at the merchants’
end, enabling them to accept card and digital payments in a hassle-free manner.
B Capital’s expertise in the sector and its exceptional network in Asia will be
an important ingredient as we shift orbit and execute our next phase of
growth,” said Manish Patel, Chief Executive of Mswipe.
Mswipe had earlier raised funds from Ratan Tata’s
UC-RnT Fund and Matrix Partners, as part of the Series D round of investment.
Clove Legal advised Mswipe Technologies, with a
team comprising Partner Amit Sirsikar and Associate Nupur Rustagi.
J Sagar Associates (JSA) acted for Eduardo
Saverin’s B Capital Group. The JSA team comprised Partner Manvinder Singh,
Principal Associate Romit Dey, Senior Associate Sonali Kapoor, and Associate
The Trilegal team comprising Partner Kunal Chandra
and Associates Aditi Jain and Pranjit Bhattacharya represented DSG Consumer
is a payment service provider engaged in the business of providing solutions
for financial transaction processing, including mobile Point of Sales devices.
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large number of private and commercial vehicles play a major role in the
alarming rise of pollution in the city. They contribute significantly to the
ambient air quality, and thus, unrestricted acquisition of both private and
commercial vehicles must be regulated,” he said.