Obhan & Associates acted as the legal counsel to Pine Labs Limited, Singapore, in its acquisition of Qfix Infocomm Private Limited, a Mumbai based end-to-end cloud platform delivering online integrated payments and billing services to multiple sectors.
A leading merchant commerce platform, Pine Labs serves prominent large, mid-sized and small merchants across India and Southeast Asia. The company's leading cloud-based software platform enables it to offer a wide range of payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management. Its stored value platform includes issuing, processing, and distributing digital gift cards for corporate customers around the world.
Qfix is an embedded fintech start-up focused on enabling industry segment specific innovative and curated digital payments and commerce experience for merchants, consumers and communities. More than 5,000 merchants are presently on the Qfix platform including educational institutions, governments, and clubs. The company solves for billing and invoices issues and has created robust workflow management solutions for merchants on its platform. HDFC Bank is their lead distribution partner today.
The transaction was led by a team comprising of Ms. Ashima Obhan (Senior Partner), Ms. Akanksha Dua (Senior Associate), Mr. Anubhav Chakravorty (Associate) and Ms. Shuchi Dutta (Associate).
ABOUT THE FIRM:
Obhan & Associates is a reputable, skilled and professionally managed full-service law firm in India, with offices in New Delhi, Pune and Bangalore. It offers end-to-end services in the fields of corporate law and intellectual property and has been consistently recognized by several reputed platforms as one of India's leading law firms.
Obhan's highly experienced corporate and M&A team provides a broad range of transactional and advisory services. It includes dedicated commercial lawyers who have expertise in drafting, negotiating and enforcing contracts involving a wide range of commercial arrangements. Its corporate law department has advised on and concluded several transactions, predominantly in the media & entertainment, fintech, education and technology industries.