In brief: India mobile POS firm raises $31m from existing investors

• India-based mobile point-of-sales company Mswipe has raised around 2.2 billion Indian rupees (US$ 31.7 million) in a new round of funding from existing investors.
• The list includes US-based hedge fund Falcon Edge, Facebook co-founder Eduardo Saverin-promoted B Capital Asia, technology investment firm Epiq Capital, and DSG Consumer Partners.
• This round came after Mswipe’s series D fundraising in 2017, when UC-RNT Fund and existing investors infused around 2 billion Indian rupees (US$28.8 million) into the company.

Source: EconomicTimes

Currency converted from Indian rupees. Rate: US$1 = INR69.31