Venture Capital fund, Nirvana Venture Advisors has invested in Mumbai-based prepaid payment program company, TranServ..PXV Partners advised its long-standing client TranServ with a team led by Partners Deepto Roy and GT Thomas Phillippe along with Associate Shivani Chugh..Nishith Desai Associates advised Nirvana Venture Advisors with a team led by Partner Bijal Ajinkya..According to Dealcurry, these funds will be used to scale up operations and resources to deliver current and planned payment products. Nirvana Venture is a $75 million Venture Capital fund set up by Amit and Arihant Patni. The fund focuses on mobile and internet start-ups in India..As part of the deal, Amit Patni and Rajan Mehra of Nirvana Venture Advisors will join the TranServ board, the company said in a press release..TranServ, incorporated in 2011 develops prepaid card programs for banks, retailers and other companies who can take advantage of leading technology, specifically tailored for the Indian market.
