Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences

Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

Link Legal, BMR, Themis on $30m funding in app-based food chain Faasos

Link Legal India Law Services advised Russia based investors Ru-Net on their $20m (Rs 134 crores) investment in app-based restaurant chain Faasos which was advised by BMR Legal.

Link Legal Delhi partner Manish Gupta and associates, Sweta Rao and Ashish Ahluwalia acted for Ru-Net.

BMR Mumbai partner Siddharth Nair and associate Hardik Bhatia acted for Faasos.

Themis Associates Bangalore senior associate Dheeraj Khanna advised the existing investors Sequoia and Lightbox which were also part of the $30m round.

Faasos is an internet based food company, currently operating in six cities in India including Pune, Mumbai, Bangalore, Chennai, Ahmedabad and Baroda. Faasos was reportedly valued at $130m-$160m (Rs 870 crore-Rs 1,071 crore reported the Economic Times, and the investors now own a combined majority stake in the startup.

Click to show 15 comments
at your own risk
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.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
Like +0 Object -1 anonymouse 12 Jan 16, 19:53
Has Sid moved to BMR Mumbai or this a typographical error?
Reply Report to LI
Like +8 Object -0 Scott Hall 13 Jan 16, 10:57  interesting
Manish is a really hard working guy, who never got the due recognition at Luthra & Luthra
Reply Report to LI
Like +3 Object -0 Add comment 13 Jan 16, 11:53
Congrats Manish! He is one of the few lawyers who is practical in his approach and places clients expectations as priority rather than strict compliance with law.
Reply Report to LI
Like +5 Object -1 Sequoia alias Themis 13 Jan 16, 14:15
It is amazing how Themis acts for all Sequoia deals despite there being no partners left in the firm. What is more strange is that Sequoia's GC was formerly in Themis. So, it's a rather curious association between Sequoia and Themis. Am surprised that no one has yet questioned this rather entrenched relationship...
Reply Report to LI
Like +3 Object -4 kianganz 13 Jan 16, 14:17
I heard that a sophisticated investor like Sequoia basically just needs a rubberstamp by its lawyers anyway, since they have a lot of expertise in-house.

Themis offers the service very cheaply and they have a good relationship they're both happy with, so maybe that's why it's so entrenched?

Who's left at Themis? There must be at least a few partners, no?
Reply Report to LI
Like +3 Object -1 Worthy Lawyer 13 Jan 16, 14:23
@Kian - You reported about a certain Chethan joining, right and no later there was a report about him moving to AZB. Don't quite think there is a partner on board.. SAs pass documents without review? Amazing.
Reply Report to LI
Like +5 Object -0 Rubber stem walla 13 Jan 16, 15:09  interesting
..yeah...but that stamp should not be made of any brittle rubber..!
Reply Report to LI
Like +1 Object -2 Why so concerned 14 Jan 16, 10:57
@Worth Lawyer and rest: Why don't you get yourself f***d by them once on deal opposite any of those guys or may you are one of those who couldn't get their hands around his new job till now, that wasting your time trolling LI.
Reply Report to LI
Like +4 Object -0 Sequoia GC 16 Jan 16, 14:47
is behind Themis? FCPA anyone?
Reply Report to LI
Like +0 Object -2 AbS 14 Jan 16, 13:41
As a great man once remarked-'tere baap ka kya jaata hai'?
Reply Report to LI
Like +2 Object -1 sequins for sequoia 14 Jan 16, 10:47
i hv worked with themis on seq deals and they add excellent value more than many other law firms would. and congratulations siddharth, good going!
Reply Report to LI
Like +1 Object -2 Ag 14 Jan 16, 15:20
Themis has not had any partner for months now. Won't a sophisticated fund like Sequoia want a partner signing off the deal. Should something go wrong in any deal, who will be held responsible? A senior associate? Kian, how can a law firm not have a partner but still be doing deals?
Reply Report to LI
Like +4 Object -0 kianganz 14 Jan 16, 15:28
Who is held responsible in India when a law firm partner screws up? Exactly. Law firms have basically zero responsibility anyway :)
Reply Report to LI
Like +1 Object -4 Abs 14 Jan 16, 16:33
Another one, as a great man once remarked - "If you are being talked about, then surely you would be doing something great", great saying for folks at Themis to believe in now.
Reply Report to LI
Like +1 Object -0 Rooooooooooya 16 Jan 16, 18:07
*grabs popcorn*
Reply Report to LI

Latest comments