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January 07, 2014

Deal Alert: Matrix Partners, Axis Bank invest Rs.29.57 Cr more in mobile POS firm Mswipe

Mswipe, a Mumbai-based company which provides point of sale (POS) solutions which enable merchants to accept card payments using their phones, has raised its second round of funding of INR 29.57 crore ($4.77M) for 22.82% stake from Matrix Partners and Axis Bank reveal regulatory filings.  

From the Venture Intelligence PE Deal database: In Jan 2013 Matrix Partners and Axis Bank along with other Angel Investors had invested INR 10.38 Cr for a 19.12% stake. 

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