TMT Law Practice advised Relevant E-Solutions in raising $15m from Tiger Global, India Quotient and Flipkart co-founder Binny Bansal. Tiger Global was advised by Nishith Desai Associates and Gunderson Dettmer.
TMT partner Kaushik Moitra with associate Aditya K Singh advised Relevant which runs fashion recommendation website Roposo.
NDA Bangalore partner Vaibhav Parikh and Gunderson senior associate Allison Ames Gary and counsel Salil Gandhi acted for Tiger Global.
TMT shares a long-standing relationship with Roposo and has been assisting them in all of their legal transactions including the initial investment by Tiger Global and Binny Bansal, according to its press release.
Moitra commented in the release: “The transaction required the company to be compliant as per the new provisions of the Companies Act within the prescribed timelines. Our focus was to ensure that statutory compliances are met and interests of the existing and new stakeholders’ are aligned.”