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With 30,000 Merchants On Board, mPOS Startup Mswipe Raises $25 Million

The Indian payments industry is witnessing strong growth and is gaining the confidence of the investors. US hedge fund Falcon Edge Capital, along with Meru Capital and ride hailing app Ola, has invested $25 million in Mumbai-headquartered mobile point-of-sale (POS) services provider Mswipe Technologies. Existing investors like Matrix Partners India, Axis Bank and DSG Consumer Partners also participated in the round. Avendus Capital acted as the primary investment bank for the transaction. Founded by Mumbai University graduate Manish Patel in 2011, the s ...

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