Private equity / VC
Desai & D, AZB advise Morgan Stanley on $50.7m investment in Pune developer KSH Infra
“Morgan Stanley Real Estate Investing (MSREI) has picked up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore. MSREI is the private real estate investment management arm of US-based Morgan Stanley Investment Management,” reported Mint . Desai &...
Universal Legal Adv guides $3.5m investment into WorkIndia
“Bengaluru-based WorkIndia, a geo-positioning app which helps in connecting blue and gray collar workers with employers, has raised funding of Rs 24 crore from BEENEXT, Singapore and chairman Mamoru Taniya of Asuka Asset Management, Japan,” reported Yourstory . Mumbai-based law firm Universal Legal ...
CAM, JSA, Trilegal advise on BigBasket $150m investment from Mirae, Alibaba, CDC
“SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset,” reported VCCircle , which also included Alibaba and CDC. Cyril Amarchand Mangaldas advised Supermarket Grocery...
SAM, CAM advise General Atlantic on $31.5 investment in Byju’s at unicorn valuation
“Ed-tech unicorn Byju’s, owned by Think & Learn Pvt. Ltd, has raised $31.3 million (Rs 215 crore at current exchange rate) in a fresh round of funding from existing investors General Atlantic and Tencent Holdings Ltd,” reported VCCircle . Shardul Amarchand Mangaldas & Co advised Byju (oper...
CAM gets Innoviti $4.3m venture debt fundraise from Trifecta, others
“Enterprise payments solutions provider Innoviti has raised ₹80 crore in debt from venture debt fund Trifecta Capital and non-banking finance companies (NBFCs), a top company executive said,” reported Mint . Cyril Amarchand Mangaldas advised Innoviti Payment Solutions Private Limited led by a team o...
Khaitan, L&L on TNB Topaz Energy $33m debenture fundraise for Himachal power project from GMR
The deal represents an investment by TNB Topaz Energy Sdn. Bhd., a subsidiary of Tenaga Nasional Berhad, of up to INR 2,256,010,000 by way of subscription to compulsorily convertible debentures and equity shares issued by GMR Bajoli Holi Hydropower Private Limited, according to reports . “GMR Infras...
Khaitan acts on Insight $5.5m Series A into BharatPe
“Digital payments firm BharatPe has raised $15.5 million in a Series A round of funding from existing investors Sequoia Capital and Beenext, and new investor Insight Partners, it announced on Thursday,” reported Dealstreetasia . Khaitan & Co advised Insight Venture Partners , USA led by a team ...
$413m Delhivery Series F round from Carlyle, Fosun ropes in Samvad, AZB, Luthra, CC
“Logistics startup, Delhivery has raised $413 million in its latest round of equity financing led by SoftBank’s Vision Fund, the Gurgaon-based company announced on Sunday. The transaction has also seen participation from Delhivery’s existing investors, bulge-bracket private equity firm Carlyle Group...
Chennai’s AK Law, Trilegal, Themis, JMP get $14m funding for Quick Ride from Naspers, VH, SCI
“Bengaluru-headquartered car and bike-pooling startup Quick Ride has raised INR 100.78 Cr ($14.4 Mn) in Series B funding from its existing investors Sequoia, Naspers and Venture Highway,” reported Inc42 . Chennai-based law firm AK Law Chambers advised the company Quick Ride , owned by iDisha Info La...
JMP acts for existing investors in Qi Healthcare fundraise
Qi Healthcare, a company in healthcare sector raised a fresh round of funding from its existing investors, Seven Rivers Capital and its affiliates funds. Jerome Merchant + Partners advised existing investors and the Qi Healthcare in relation to raising of funds led by a team of partner Sameer Sibal ...
Vertices, JMP, TTA act on $15m Series C for foodtechie Box8
“Mumbai-based foodtech startup Box8 has raised $15 Mn in its Series C funding round, led by eWTP Ecosystem Fund. The company’s existing investors Mayfield and IIFL Seed Ventures fund will also participate in this round. The company said it plans to scale its business geographically to five more citi...
JMP, JSA act on Suryodaya Small Bank $35.9m fundraise
“Suryoday Small Finance Bank, a scheduled commercial bank, has raised ₹248 crore in equity funding through private placement, which the company intends to use for expansion plans,” reported Hindu Business Line . Jerome Merchant + Partners advised the existing investor of Suryodaya Small Bank, Evolve...
JMP, Trilegal, SAM for IIFL Seed in $22.3m investment in Kogta
“Retail-focused non-banking financial company Kogta Financial has secured 154 crore in a financing round led by a fund managed by Morgan Stanley Private Equity Asia and existing backer IIFL Seed Ventures. The Morgan Stanley Private Equity Asia-managed fund invested about 114 crore for a minority sta...
Kapil Sapra, Zarir Bharucha (ZBA) act on $29m fundraise for Flash Electronics
“Pune-based auto component manufacturer Flash Electronics India has raised Rs 200 crore from private equity firm DMI Finance to expand operations. The funds will be utilised to upgrade products for transition to BS VI emissions standards, set up production lines and scale up its gears business, the ...
JMP acts on $3.6m investment in Infigo Lifesciences by India Infoline fund
IIFL India Private Equity Fund, an investment arm of India Infoline Limited, has acquired a majority stake in Infigo Lifesciences Private Limited, a company engaged in the business of establishing comprehensive eye care centers / hospitals, for a consideration amount of INR 25 crores. Jerome Merchan...
Jerome Merchant, Tatva get $13m funding for SMECorner from Accion
“Mumbai-based digital lending startup SME Corner has raised Rs 90 crore in fresh funding in a mix of debt and equity. While Rs 35 crore of equity capital has come from Accion Frontier Inclusion Fund managed by Quona Capital, another Rs 10 crore was infused by existing investors including Accion Vent...
Trilegal for Incred NBFC in $86m funding round with JSA, Indus, CAM, Khaitan, SAM, Linklaters
“New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital. The latest funding round will increase the total equity capital of the company to over 1,000 crore,” reported The Economic Times , with funding from Alpha Capita...
IC Universal, BDO help Intello Labs raise $2m from Omnivore, Nexus
“Agritech startup Intello Labs announced that it has raised a seed round of $2 million from Nexus Venture Partners and Omnivore. Intello Labs uses artificial intelligence tools including computer vision and deep learning, to build a platform for grading and quality monitoring of agricultural commodi...
CAM acts on $17.2m ex-Myntra start-up Mfine investment by Stellaris, Novocura
“Mfine, a new on-demand doctor consultation start-up by two former Myntra executives, has raised $1.5 million from venture capital firm Stellaris Venture Partners”, according to Mint . Cyril Amarchand Mangaldas advised Stellaris Venture Partners India I and Novocura Tech Health Services Private Limi...
Phoenix, SAM act on $110m investment in L&T Infra Debt by Apis
“Private equity fund Apis has picked up a 25.1 per cent stake in L&T Infra Debt Fund for $110 million, giving the L&T Finance Holdings arm access to low-cost global funds to refinance infrastructure projects in India,” reported ET . Phoenix Legal advised Apis Partners led by a team of part...