Gokiwi Technologies Private Limited has raised $23 million from a Series B fundraise led by Vertex Ventures, which also saw participation from existing investors Nexus Venture Partners, Stellaris Venture Partners and Omidyar Network India.
CMS INDUSLAW advised Gokiwi Technologies and its existing investors on this fundraise.
The transaction team consisted of Winnie Shekhar (Partner), Shantanu Singh (Partner), Aditya Kumar (Senior Associate), Harsha Tiwari (Associate) and Khushi Vardhan (Associate) advised on this transaction.
Raghav Muthanna (Partner) and Aditya Subarno (Associate) advised on the TMT aspects.
Khaitan & Co advised lead investor Vertex Ventures on this fundraise.
The transaction team consisted of Sanjay Khan Nagra (Partner), Smita Jha (Partner), Akash Srinivasan (Principal Associate), Pritish Mishra (Principal Associate), Maansi Reddy Basani (Associate) and Shlok Mittal (Associate).
Kiwi is a payment platform that leverages the benefits of Credit Cards with the widespread availability and convenience of UPI payments, by offering virtual credit cards.
The funding will support Kiwi's expansion in the credit-on-UPI space, enhancing its product offerings and user base. The involvement of Vertex Ventures, alongside existing investors, underscores confidence in Kiwi's growth potential and the increasing demand for innovative credit solutions in India's digital payment ecosystem.
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