Khaitan & Co advised TranServ Private Limited in relation to a Series C funding round led by Micromax Informatics and IDFC SPICE Fund, a domestic venture capital fund managed by IDFC Asset Management Company, along with existing investors Nirvana and Faering Capital India Evolving Fund for INR 100 crores.
TranServ Private Limited is a digital payments company.
G.T. Thomas Phillippe, Partner; Arjun Rajgopal, Principal Associate; Sarthak Sarin, Senior Associate and Kevin Peter, Associate represented the client on the transaction.