IndusLaw’s Hyderabad office advised Kaizen Private Equity, which with German publishing giant Bertelsmann invested $4m (Rs 22 crore) in AuthorGen Technologies, that was advised by Dua Associates in Mumbai.
AuthorGen’s majority shareholder Educomp, which will become a minority shareholder after the sale, was represented by Amarchand Mangaldas Delhi partner Kalpataru Tripathy and senior associate Promode Murugavelu.
Dua Mumbai partner Vinod Joseph, senior associate Sugandha Kamal and associate Dhrupad Vaghani assisted AuthorGen and its founder Harman Singh.
IndusLaw Hyderabad partner Satya Sree Akella and associates Basava Rao and Kaustuv Banerjee acted for Kaizen.
AuthorGen is involved in providing online classes to teachers with its flagship product WizIQ, reported Mint.