Background

  • Founded in 2012, Mosambee is a comprehensive merchant tech platform enabling end-to-end digitization of merchant operations
  • Headquartered in Mumbai, Mosambee has pioneered a unique ecosystem partnership model, which reduces the cost of customer acquisition and increases customer retention
  • Pine Labs is a leading merchant platform in Asia, enabling merchant commerce at scale

Process

  • DC Advisory (DC) acted as the exclusive financial advisor to Mosambee and its shareholders on the potential sale of a majority stake to an appropriate and high-quality buyer
  • DC provided support across key work streams, including investor due diligence and documentation negotiation
  • DC worked with the management team, leveraging deep sector expertise, to engage financial and strategic investors in the space - providing Mosambee with the opportunity to evaluate multiple strategic alternatives before deciding to finalize the transaction with Pine Labs

Outcome

  • This transaction will enable Mosambee to:
    • Accelerate business growth by leveraging the broad reach and expertise of Pine Labs in the sector
    • Continue to focus on delivering cutting-edge merchant and consumer offerings to mid-sized and enterprise merchants
    • Realize deep synergies across bank partnerships, geographic presence and merchant profile
  • This transaction bolsters DC’s existing cross-border expertise, and further enhances its credentials in the fintech and payments space 
  • This transaction closed on 12 April 2022

 

“The DC Advisory team, led by Nitin, worked tirelessly throughout the process to ensure we found the right home for the business. Their work ethic and professionalism, as well as superior process orchestration, enabled us to find the right strategic partner for our continued journey.”

Sameer Chugh
Co-founder & Director at Mosambee

“The payments market in India is ripe for consolidation and this transaction has brought together two leaders in the merchant commerce space, with complementary strengths and similar ethos, positioning the combined entity to continue its market leadership in Asia. We are proud to have have helped deliver this great outcome.”

Nitin Bhatia
Managing Director, DC Advisory