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ELP, S&R, Fox act on $12m India Property Online funding by Canaan, Mayfield, Bertelsmann

Economic Laws Practice (ELP) advised Canaan Partners and Mayfield Fund and S&R Associates advised Bertelsmann India in investing $12m (Rs 75 crore) in residential listings website India Property Online (IPO) which was advised by Fox Mandal.

ELP Mumbai associate partner Vinayak Burman with associate manager Archana Khosla and associate Trishna Sharma acted for existing IPO investors Canaan and Mayfield in the $12m series B Funding as reported by the Business Standard.

S&R partner Rajat Sethi and associates Rachael Israel, Lakshmi Pradeep and Sowjhanya Shankaran acted for Bertelmann which is the strategic investment arm of the German media company Bertelsmann SE & Co. KGaA in India, as reported by Mint.

Fox partner Jeevandham Rajagopalan and associate Anju Menon acted for IPO which is a Consim Info spun-off founded by the maker or Matrimony.com, according to the Hindu.

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