Ex-Kochhhar, Sahai & Co help Chennai Angels, Lets Venture invest $0.47m in Netree E-services

Thursday, 1 June 2017 By Rukmini Biswas Private equity / VC

Angel Investors, The Chennai Angels and Lets Venture have made an investment of Rs. 3 crores in Pre Series A Funding in Netree E-services Pvt. Ltd, engaged in creating a retailer oriented networking platform, as reported by Business Standard.

Kochhar & Co former Chennai-based partner Mohammed Shadaan Saipillai and senior associate Dheeraj Mani acted as legal advisers for the investors (Correction: Saipillai has joined Phoenix Legal since April).

Sahai & Co Delhi-based partner Savyasachi K Sahai acted as legal adviser for the company and the founders, according to a release from the firm.

Netree creates retailer networking platform that enables them to manage functions such as inventory management, multi store management, point of sale, market place integration, allowing them to engage with customers and suppliers seamlessly.

Kochhar & CoSahai & Co

Comments

amount 1 Jun 2017, 12:02
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3 crores? Really?
kianganz 1 Jun 2017, 12:28
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Well, Angel work is also work... Interesting to know what different laywers are up to, I think :)
Senior 1 Jun 2017, 13:15
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I AM QUITE SURPRISED, you are mentioning the name of the partner in kochhar & Co (Mohammed Shadaan Saipillai) who has already left for Phoenix Legal, Chennai. Its strange how firms want to get publicity on the behest of their departing partners.

Kian atleast you should get your facts right before publishing, come on you are a reporter. .......
kianganz 1 Jun 2017, 14:13
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Thanks we'd missed that. It was actually a Sahai & Co press release, not a Kochhar one.

Have now corrected.
Anony 2 Jun 2017, 06:17
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As the editor is it not your reaponsibility to ensure the correctness of what you publish instead of putting the blame on a press release?
kianganz 2 Jun 2017, 06:26
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We didn't blame the release actually - like I said, we missed that (i.e., we should have caught it).

I mentioned it was a Sahai & Co press release in response to the part of the comment about "strange how firms want to get publicity on the behest of their departing partners", which obviously didn't apply in this case since it was not a Kochhar release.
Senior 2 Jun 2017, 07:02
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yeah i can see that. KIAN have you been noticing whats happening in the consultants and recruitments space? these consultants have just ruined the market. i often have these young Associates write into me personally trying to look for jobs and i feel so helpless.
you should do a bolstering release on the recruitment business and how firms and candidates should be aware.
kianganz 2 Jun 2017, 07:07
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Hmm, not really - what do you mean by ruined? That candidates unsuitable get placed with firms based on lofty promises and deception?
SteveSurferYo 1 Jun 2017, 13:21
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Kochhar ex partner...
Deal? 1 Jun 2017, 17:22
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Wow... 3 crore deal? Does Kochar assist in any deals? A 3 crore deal I finish everyday!
Bhai tu kar le 2 Jun 2017, 05:42
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sahaico is a shop run by ex amarchand lawyer Savyasachi who decided to run an independent firm quite early on in life. Quite commendable that he sits opposite named firms on a regular basis quite regularly.

You I'm sure would only get what your SA/PA throws at you desk to take first crack at.
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