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

Tuesday, 28 July 2015 By Legally India Corporate M&A

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.

Khaitan & CoClove LegalIndusLaw

Comments

pyare lal vakeel! 28 Jul 2015, 11:34
+2 -0
What do khaitan delhi partners do?
chidiya ghar 29 Jul 2015, 03:58
+2 -0
Always busy in hiring and firing people.
virage 28 Jul 2015, 11:40
+1 -2
ok, so Khaitan do some work also! I thought they were only in the news when offering high salaries to NLU's.
Holmes 28 Jul 2015, 13:31
+2 -1
My ignorant friend - see this among other things:

http://www.legallyindia.com/Corporate-/-MA/courtesy-amarchand-split-khaitan-leads-m-amp-a-rankings-for-first-time-in-three-years

[quote name="virage"]ok, so Khaitan do some work also! I thought they were only in the news when offering high salaries to NLU's.[/quote]
Pinto from ElTinto 29 Jul 2015, 04:23
+3 -0
Well thank Khaitan Mumbai for the rankings. Question remains what do the Khaitan Delhi partners do?
Montu Imprompto 2 Aug 2015, 13:20
+0 -0
Delhi partners enjoy the salaries remitted from Mumbai and make sure no good quality lawyers remain or join!
Duhh 29 Jul 2015, 05:40
+0 -0
Kian - confusing tagline, sounded like Meru Cabs and Ola Cabs invested together..may want to change it
Commenting is closed for this article.