DSG Consumer B Capital, one of the co-founders of Facebook has recently stepped into India where the firm has invested $10M in Mswipe, an Indian payment startup
DSG Consumer B Capital, one of the co-founders of Facebook has recently stepped into India where the firm has invested $10M for the growth and development of an India-based payment startup i.e. Mswipe.
Note, this is the very first investment deal that B Capital has made in India. They have an estimated fund size of $180 million. The firm has branch offices both in Singapore and California. B Capital Group is well-known for investing huge amounts of money in the next-gen groundbreaking technology companies. The group mainly focuses on pioneering B2C and B2B start-ups which deem to have potential to scale across the international stage. This time, the firm has decided to invest in a Mumbai-based payment startup along with DSG Consumer Partners. Originally pegged at an amount of $31 million, this latest deal extends to over $40 million.