Mswipe raises Rs 200 cr from Ratan Tata-backed investor and others

Transaction value on Mswipe network grew 4 times last year, while no of installations grew 3 times

Ratan Tata-backed UC-RNT fund and others have invested around Rs 200 crore into Matrix-backed digital payment technology firm Mswipe Technologies Pvt Ltd. The company will use the funds to develop the largest network of merchants accepting digital payments in the country.

UC-RNT fund, a joint venture between Ratan Tata's RNT Associates and the University of California along with existing investors Matrix Partners India, Falcon Edge Capital, and DSG Consumer Partners invested in the round. The company has earlier raised a sum of over $56 million from marquee investors like Falcon Edge Capital, Matrix Capital Partners, DSG Partners and Axis Bank.

Mswipe Technologies