Mobile Point Of Sales Provider Mswipe Secures $25 Million To Expand Business Reach

As internet users continue to rise at double figure rates in India, startups catering specifically to the smartphone segment have started attracting massive investor capital. Mswipe, a startup founded 4 years ago, and which provides a Mobile PoS (point of sales) system, has nabbed $25 Million in fresh funding, led by US hedge fund Falcon Edge Capital, Meru Capital and cab-hailing service Ola Cabs.

The investment, which was closed last week, will be used by the company to significantly...

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