BMR, Desai Diwanji, AZB, CDH on Net 1’s 268 crore investment in MobiKwik

South African tech company Net1 has invested close to 268 crore in Indian digital payment company MobiKwik..BMR Legal represented MobiKwik and its promoters through a team led by Partner Amit Khansaheb, and including Principal Rishi Jain, Managing Associate Ankita Kumar and Associate Manav Chadha..Desai Diwanji was Indian counsel for Net1 through Partner Jai Diwanji and Associate Rahul Deodhar..Cliffe Dekker Hofmeyr (CDH) was the South African counsel for Net1; the team was led by Director Roelof Bonnet..AZB & Partners acted for the existing investors,Tree Line Asia and Cisco, through a team led by Partner Gautam Saha..According to Business Standard, MobiKwik, which has over 32 million mobile wallet users and one lakh retailers onboard, has Sequoia Capital, Tree Line Asia, American Express, Cisco Investments, GMO Payment Gateway and MediaTek among its investors..Over the next three years, MobiKwik aims to reach 150 million users and 500,000 merchants.