Shardul Amarchand Mangaldas advised Open Financial Technologies Private Limited in its Series D fund-raise
Shardul Amarchand Mangaldas advised Open Financial Technologies Private Limited in its Series D fund-raise
Shardul Amarchand Mangaldas & Co. advised Open Financial Technologies Private Limited (Open) in the Series D round of fund-raising led by IIFL Finance Limited, Temasek, Tiger, and 3one4.
Headquartered in Bengaluru, Open is Asia's first neo-banking platform for SMEs and startups. Open offers a business account that allows small business owners collect payments, auto-reconcile them and make seamless payouts.
Open has now become India's 100th Unicorn after this Series D round.
The transaction team from SAM & Co. was led by Amit Khansaheb, Partner; Rishi Jain, Partner; Aayush Kumar, Principal Associate; Ravisha Seth, Associate and Samarth Dhar, Associate.
