JSA, Luthra phone in $6.6m stake in Knowlarity from Sequoia

Friday, 20 January 2012 By Sriraj Ray Private equity / VC

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.

J Sagar Associates (JSA)Luthra & LuthraL&L Partners

Comments

anon 20 Jan 2012, 09:51
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Kian, im guessing the name is Nitesh and not Mitesh
Goodlawyer 20 Jan 2012, 10:00
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JSA's reasons for terming the deal challenging "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.”

Simply hillarious!!
anon 20 Jan 2012, 12:47
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[quote name="Goodlawyer"]JSA's reasons for terming the deal challenging "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.”

Simply hillarious!![/quote]
Couldn't have agreed more !
Cham 20 Jan 2012, 13:02
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Congrats team L&L... :)
AAA 20 Jan 2012, 18:31
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A deal worth INR 34 crores is getting reported!!! Extremely shameful.....
What is in the name? 2 Feb 2012, 13:30
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[quote name="AAA"]A deal worth INR 34 crores is getting reported!!! Extremely shameful.....[/quote]

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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