Japanese payment gateway GMO and Taiwan’s semiconductor company MediaTek have led a US$50 million round of funding for India’s mobile payment company MobiKwik. Sequoia Capital and hedge fund Treeline Asia, existing investors in MobiKwik, also took part in this round.
Partner Gautam Saha and senior associate Dushyant Bagga at AZB & Partners advised Tree Line Asia on the deal.
Themis Associates advised Sequoia Capital. Shardul Amarchand Mangaldas & Co acted for GMO and MediaTek.