OfBusiness, a startup that lends to small and medium enterprises, has raised ₹250 crore led by Norwest Venture Partners with participation from existing investors Falcon Edge and Matrix Partners. Asish Mohapatra, CEO, Of-Business said, “We strongly believe that lending is a commodity or will get commoditised in the future. — The Economic Times
J Sagar Associates (JSA) advised OFB Tech Private Limited led by a team of partner Lalit Kumar, partner Bharati Joshi, associate Rishabhdev Jain, and junior associate Aakanksha Mehta.
Update 01 October 2019: Shardul Amarchand Mangaldas advised Norwest Venture Partners, conducting the legal due diligence on OFB and its subsidiaries, structuring the transaction, drafting, reviewing and negotiating the transaction documents, apart from assisting with the pre-closing and closing actions. The transaction team at SAM was led by partner Puja Sondhi; partner Sumeet Singh; senior associate Aakanksha Dalal; associate Kartik D Monga; and associate Meghna De. Bangalore-based partner Siddharth Nair provided strategic inputs on the transaction. The diligence team comprised of partner Sumeet Singh; principal associate Karuna Thapa; senior associate Anish Jaipuriar; associate Surabhi Gupta and associate Kriti Singhania. In addition, partner Pooja Ramchandani; principal associate designate Vaibhav Bhardwaj and associate Suryansh Gupta provided assistance on employment law matters.
2018-09-25
Deal value: Rs. 240 crores
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.
Click to show comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.
threads most popular
thread most upvoted
comment newest
first oldest
first
threads most popular
thread most upvoted
comment newest
first oldest
first