Razorpay has acquired 100% of the shareholding of PoshVine Systems Pte. Ltd. from the existing promoters- Richik Nandi and Garima Satija Nandi for an undisclosed consideration amount.

Saraf and Partners acted for Razorpay on the deal.

The transaction team was led by Partners, Vaibhav Kakkar and Sahil Arora, who were supported by Principal Associate Debarpan Ghosh and Associates Paayas Pandit, Vedika Pandey and Anuj Garg.

Chandhiok & Mahajan acted for PoshVine on the deal.

The transaction team was led by Kaushalya Venkataraman (Partner) along with Jagrat Rawal (Senior Associate), Aayushi Jain (Senior Associate) and Shivani (Associate).

Razorpay is one of India’s leading payments service providers and Poshvine offers a payment linked loyalty platform with contextual rewards and offers to banks, card networks etc.

PoshVine is a leading fintech startup that offers payments-linked loyalty and engagement solutions to commercial banks, payment networks and businesses. The acquisition will help Razorpay build a payment-linked loyalty infrastructure.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.