Deal Corner
January 01, 2009
Lightspeed Venture Partners VIII Mauritius led USD 10 million Series B round of funding in ITZ Cash Card

DEAL BRIEF

Lightspeed Venture Partners VIII Mauritius, a private equity fund, led USD 10 million Series B round of funding in ITZ Cash Card Ltd, a multi-purpose pre-paid card company. Exisiting investors Matrix Partners India and Intel Capital also participated in the Series B round. Itz Cash was established in 2004 and offers prepaid cards and cashless payment solutions for individuals and businesses.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsel to the lead investor Lightspeed Venture Partners VIII Mauritius for this investment.

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Deal Corner

January 01, 2009

Lightspeed Venture Partners VIII Mauritius led USD 10 million Series B round of funding in ITZ Cash Card

DEAL BRIEF

Lightspeed Venture Partners VIII Mauritius, a private equity fund, led USD 10 million Series B round of funding in ITZ Cash Card Ltd, a multi-purpose pre-paid card company. Exisiting investors Matrix Partners India and Intel Capital also participated in the Series B round. Itz Cash was established in 2004 and offers prepaid cards and cashless payment solutions for individuals and businesses.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsel to the lead investor Lightspeed Venture Partners VIII Mauritius for this investment.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.