Xflow Payments India Pvt. Ltd. has raised $16.6 million from a Series A fundraise led by General Catalyst, with participation from PayPal Ventures and existing investors including Lightspeed, Stripe, Moore Capital and Square Peg.
CMS INDUSLAW advised Xflow on this fundraise.
The transaction team consisted of Minhaz Lokhandwala (Partner), Vinit Patwari (Partner), Yash Borana (Associate) and Sanjana Sreenath (Associate).
Khaitan & Co advised lead investor General Catalyst on this fundraise. The Firm assisted General Catalyst in conducting due diligence exercise on the wholly owned subsidiary of Xflow in India; reviewing, negotiation, and finalisation of the share subscription agreement, shareholders’ agreement, and founder employment agreements; and execution and closing related aspects of the transaction.
The core team consisted of Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Anupama Singh (Principal Associate) and Aiyushi Sahani (Senior Associate).
Nirupam Lodha (Partner), Malika Nandkeolyar (Senior Associate) and Rebecca Cardoso (Associate) advised on the Intellectual Property aspects of the diligence.
Shardul Amarchand Mangaldas & Co advised existing investor Lightspeed Venture Partners on this fundraise.
The transaction team consisted of Manish Gupta (Partner), Rashi Singh (Principal Associate) and Mannshree Sikchi (Associate).
Xflow is a cross-border payments platform which enables Indian businesses to seamlessly collect and manage international payments. The platform currently supports transactions across more than 100 countries and 25 currencies.
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