BI stamps new regulation on fintech


India’s investment environment is friendly enough for Asian investors with a little local knowledge and due diligence, a legal expert familiar the market said.

Mumbai-based fintech start-up Kissht recently raised US$10 million in funding primarily from Fosun International, a Chinese investment consortium. The Krishnamurthy & Co team acted and represented Kissht and its owner OnEMI Technology Solutions, led by Mumbai-based partner Sanket Sethia and associate Vwastav Ghosh.

“The only challenge we face in dealing with foreign investors wanting to invest in India for the first time is predominantly acquainting them and getting their expectations aligned with the sentiments prevalent in the Indian PE/VC market,” Sethia told Asia Business Law Journal.

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