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Mswipe, which makes credit card swipe machines, has raised USD 31 million (over Rs 200 crore) from UC-RNT Fund — a joint venture between Ratan Tata’s RNT Associates and the University of California.
The existing investors Matrix Partners India, Falcon Edge Capital and DSG Consumer Partners also participated in this round.
Clove Legal advised Mswipe and the team included Partner Amit Sirsikar and Associate Nupur Rustagi.
UC RNT was advised by Indus Law Partners Srinivas Katta and Pallavi Kanakagiri and Associate Tanu Banerjee.
Goodwin Procter (Hong Kong) advised Falcon Edge Capital and the team included Yash Rana, Ananth Lakshaman and Abhishek Krishnan.
Matrix Partners was advised by Rajaram Legal’s Archana Rajaram.
Trilegal acted for DSG Consumer Partners and the team was led by Partner Kunal Chandra along with Associates Aditi Jain and Pranjit Bhattacharya.