Corporate
AZB, SAM triple tap with K&E: Jio raises another cool $1.5bn from Vista Equity
It will surprise no one anymore that as Reliance’s 200-pound telecoms behemoth Jio has taken the third round of mega funding in as many weeks, two Indian law firms have been there every billable hour of the way: no doubt much welcome in these tough times. Private equity firm Vista Equity Partners sa...
DSK fee-earners, partners take home 10-30% less cash as part of cashflow management
Exclusive: DSK Legal has embarked on a series of cash flow management exercises in light of the ongoing Covid-19 crisis, including temporary reduction in remuneration of fee-earners.
TTA freezes salaries, partners reduce drawings
T alwar Thakore & Associates (TTA) has frozen its fee-earner salaries at current levels without increments, while partners have said they would be reducing their drawings. According to a statement from the firm we had requested: “The partners have taken a number of prudent protective measures g...
Spice Route, Indus, Goodwin Law act on $15m Setu fintech Series A from Lightspeed, Falcon
Fintech infrastructure startup, Setu recently announced that it has raised $15 million as a part of its Series A funding round, led by Falcon Edge and Lightspeed Venture Partners US along with existing investors Lightspeed India Partners and Bharat Inclusion Seed Fund. — Mint IndusLaw advised Lights...
Post Facebook, AZB, SAM score 2nd bonanza in Jio goldmine via $747m Silver Lake investment with Lathams
Following the two firms (plus five others) bagging what is quite likely to be the biggest Indian inbound M&A of the year with Facebook’s $5.7bn investment in Reliance Jio, near identical teams at the two firms have scored a second very similar (if slightly smaller) mandate in a follow-up round:...
Khaitan (& Co), Khaitan (Legal), Thinking Legal do $1.3m funding for VR play SmartVizX
SmartVizX, creator of India’s first Virtual Reality-based product Trezi, has received fresh funding from new and existing investors. — Yourstory Investors included Rockstud Capital, YourNest and IAN Fund. Khaitan & Co advised Rockstud Capital Investment Fund led by a team of partner Mayank Sing...
Indus, Link, Algo, Constellation Blu do Classplu B2B edu-tech $9m Series A
Classplus, a B2B edu-tech startup, on Monday said it has raised USD 9 million (over Rs 68 crore) in funding led by RTP Global. — Business Standard IndusLaw advised lead investor RTP Global Investments Limited led by partner Manish Gupta , with a transaction team including senior associate Ashish Ahl...
Rajaram, JSA act on $4m VOGO scooter sharing Series C for Matrix, Kalaari, Stellaris (Nov ‘19) [UPDATE-1]
Bengaluru-based scooter sharing app VOGO has raised Rs 28.3 crore in the ongoing Series C funding round from existing investors Matrix Partners, Stellaris Venture Partners, and Kalaari Capital. — Yourstory Rajaram Legal advised Matrix Partners India , Kalaari Capital , Stellaris Venture Partners led...
Khaitan acts on $10.7m Maj Invest, Danish Micro Series C into Hyd’s Basix Sub-K fintech player (Oct ‘19)
Basix Sub-K iTransactions, a Hyderabad-based fintech company focused on financial inclusion, has raised Series C round of Rs 75 crore from Maj Invest, a Denmark-based asset management company. — Telanganatoday Khaitan & Co advised Danish Microfinance Partners K/S and Maj Invest Financial Inclus...
AZB acts on (Apr ‘19) Warburg buy into Runwal Group mixed-use real estate project platform for $400m
In one of India’s biggest transactions to help build a property investment platform, private equity major Warburg Pincus has entered into a $1-billion alliance with developer Runwal Group to fund retail-led mixed-use projects across the country. ET was the first to report on the platform’s establish...
SAM gets new COO to ‘navigate together’ in ‘critical times’: KPMG consultancy COO Jaideep Ghosh
KMPG partner and former KPMG Management Consultancy chief operating officer (COO) Jaideep Ghosh has taken over at Shardul Amarchand Mangaldas (SAM) in the COO position from Delhi.
Ex-Luthra partner Alina Arora joins Shardul Amarchand Mangaldas as equity after 4-month break [UPDATE-1]
Alina Arora, who had resigned from L&L Partners in late November 2019, has now joined Shardul Amarchand Mangaldas, Bar & Bench has first reported.
Link Legal hires SAM’s Vijay Sureka for corporate boost in Mumbai
Link Legal India Law Services has hired former Shardul Amarchand Mangaldas lawyer Vijay Sureka as a partner in its Mumbai-based corporate practice.
CAM defers 78 freshers’ start dates by two months to October, could save Rs 1.5 cr, help with induction [UPDATE-1: Plus Khaitan]
Scoop: Rumours suggest other firms are also considering similar steps
More or less business as usual at Trilegal: Pays out (tweaked) bonuses on time, promos 16 to counsel
Scoop: Some will have still picked up 100%, but overall the take home bonus pay may have reduced slightly
SAM, Khaitan, Ahlawat act on $0.6m Paytm pre-Series A investment into social sports app Rooter
One97 Communications Ltd, the parent company of Paytm, plans to invest ₹5 crore in sports fan engagement platform, Rooter Sports Technologies, as part of its pre-Series A round, according to two people aware of the deal. — Mint Shardul Amarchand Mangaldas & Co advised One97 Communications Limit...
CAM, SAM act on $1.78bn Adani buy of AP Krishnapatnam port
Gautam Adani-led Adani Ports and Special Economic Zone Ltd (APSEZ) will buy a 75 per cent stake in Krishnapatnam Port Company Ltd, the entity that runs a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district, for ₹13,500 crore. — Hindu Business Line Shardul Amarchand Mangalda...
Desai & D, Saakshya act on $5.5m investment in Greenhouse agritech Clover
Greenhouse agritech platform Clover has raised $5.5 million from Omnivore, Accel, and Mayfield. Clover partners with farmers across India and markets premium quality, branded, greenhouse-grown fresh produce through B2B and B2C channels. It provides a full-stack agronomy solution to the greenhouse fa...
Khaitan, AZB act on Shapoorji Pallonji $204m sale of five solar assets to KKR [UPDATE-1]
Shapoorji Pallonji Infrastructure on Monday announced that it will sell five operational solar energy assets to KKR for ₹1,554 crore. — Mint Khaitan & Co advised regular infrastructure Shapoorji Pallonji Infrastructure Capital Company Private Limited led by a team of partner Akhil Bhatnagar , p...
Rajaram, JSA, Indus act on $8m Simsim Series B fundraise (Feb ‘20)
SZS Tech, which owns and operates vernacular social commerce and discovery platform Simsim, has raised over $8 million (about Rs 57 crore) in its Series-B round of funding, the latest equity financing mopped up by the startup in the past six months. The latest funding round has been led by Simsim’s ...