India-focused private equity firm Faering Capital has led a Series B financing round for India-based electronic payments provider TranServ. Early-stage investor Nirvana Venture Advisors also participated in the round. Faering Capital’s investment was structured through its Evolving India Fund. TranServ intends to use the funds to scale its operations, enhance its technology platform and increase its workforce from 75 employees to 120. Financial details of the transaction were not disclosed.