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Khaitan, Indus, Clove drive $25m Meru, Ola funding in Mswipe

Khaitan & Co advised investment company Meru Capital and IndusLaw advised taxi-calling app Ola on its $25m (Rs 160 crore) infusion in Mumbai-based mobile point-of-sale services provider Mswipe Technologies which was advised by Clove Legal.

Khaitan Delhi partner Joyjyoti Misra, principal associate Arjun Rajgopal and associate Nidhi Killawala acted for Meru.

Clove co-founding partner Amit Sirsikar acted for Mswipe.

IndusLaw Noida partner Gaurav Dani and associate Nitin Gera acted for Ola.

Ola’s investment in Mswipe is a first for the taxi app which, like its competitor Uber, keeps adding multiple payment options on its platform, reported the Economic Times.

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