Mobile payment solution startup MSwipe raises Rs 219.8 crore in new funding round
14 March 2019 1:48 AM GMT
Founded in 2011 by Manish Patel, Mumbai- based payments startup MSwipe Technologies has raised Rs 219.8 crore in a new round of funding. The startup will use the new funds to shore up business operations.
- Mumbai-based payments startup MSwipe Technologies has raised Rs 219.8 crore in a new round of funding from US-based hedge fund Falcon Edge, Facebook Co-founder Eduardo Saverin’s B Capital Asia, late-stage technology investment firm Epiq Capital and consumer-focused fund DSG Consumer Partners, according to RoC filings.
- That included prominent investors, including -UC-RNT fund, a joint venture between Ratan Tata’s RNT Associates and the University of California; Matrix Partners India; and existing investors Falcon Edge Capital, DSG Consumer Partners, and Eduardo Saverin’s B Capital Asia.
- In March, Pine Labs announced its $82 million funding round, led by Actis Capital, and new investor Altimeter Capital.
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