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JSA acts for Facebook co-founder fund with Clove, Trilegal on Mswipe $10m fundraise

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, has raised $10 million with a follow-up funding round led by the B Capital Group, the investment firm from Facebook co-founder Eduardo Saverin backed by BCG, along with existing investor DSG Consumer Partners, aggregating to $41 million to complete the Series D fundraising round, as reported by Mint and YourStory. This marks B Capital’s first direct investment into an Indian company. Mswipe had earlier raised funds from Ratan Tata’s UC-RnT Fund and Matrix Partners, as part of the Series D round of investment.

Clove Legal advised and represented Mswipe Technologies, led by partner Amit Sirsikar and associate Nupur Rustagi.

J Sagar Associates (JSA) advised and acted for Eduardo Saverin’s B Capital Group led by partner Manvinder Singh, principal associate Romit Dey, senior associate Sonali Kapoor and associate Srinivas Anirudh.

The Trilegal team represented DSG Consumer Partners in the transaction comprising of partner Kunal Chandra along with associates Aditi Jain and Pranjit Bhattacharya.

Mswipe is a payment service provider engaged in the business of providing solutions for financial transaction processing, including mobile point of sales devices.

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