J Sagar Associates (JSA) advised Gurgaon-based cloud telephony solutions provider Knowlarity Communications on a Rs 34 crore ($6.6m) investment it received from California-based Venture Capital firm Sequoia Capital, which was advised by Luthra & Luthra.
JSA Gurgaon partner Upendra Nath Sharma, senior associate Nitesh Bhasin and associate Kartik Jain advised Knowlarity in reviewing and negotiating the transaction documentation and also closing the deal.
Luthra & Luthra partners Deepak Joyce, senior associate Manish Gupta and associate Shubhangi Bhadada assisted Sequoia Capital.
JSA said in a press release: “The deal was challenging as it was completed under a short time frame where the signing of transaction documentation and consequent funding was achieved within a month.”
Knowlarity will use the investment to beef up its R&D department and spread out its marketing activities, reported VCCircle.
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Simply hillarious!!
Couldn't have agreed more !
Do you understand what INR 34 crore deals means in VC industry? Anyways, it is a pretty decent deal for a 2 year old company.
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