Private equity / VC

AZB, ELP acts for SolarArise on first India investment by ThomasLloyd

“ThomasLloyd buys into solar power producer SolarArise in first India deal: European investment firm ThomasLloyd Group has acquired a stake in Delhi-based solar energy producer SolarArise India Projects,” reported VCCircle . AZB & Partners advised SolarArise India Projects Private Limited led b...

Themis, IC fire up $1.8m debt fundraise for PopiCorn maker Timla Foods

Timla Foods Private Limited, which makes flavoured pop-corn under its brand name “PopiCorn”, raised INR 12 Crores from Anicut Capital by way of debt, according to reports . Themis Associates advised Timla Foods Private Limited led by a team of Themis Mumbai associate partner Siddharth Manchanda and ...

GameChanger, Trilegal get $1m pre-Series A for Leverage Ed-Tech from Blume, DSG

“DSG Consumer, Blume lead investment in higher education platform Leverage Edu: Higher-education and career-growth platform Leverage Edu said it has raised over $1 million (Rs 7 crore) in its pre-Series A round,” reported VCCircle . GameChanger Law Advisors advised Leverage Ed-Tech Private Limited l...

SAM for Fractal Analytics on $200m cash injection by AZB-advised PE fund Apax, with Lathams, Kirkland, NDA, Trilegal, Veritas

“Apax Funds invests $200 million in Fractal Analytics: The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million,” reported Mint . Shardul Amarchand Mangaldas advised Fractal Analytics Private Limited, a provider of artificial intelligence and analytics so...

HSA, CAM act on $23.5m Hero Electric Vehicles investment from Alpha Capital

“Electric scooter maker Hero Electric has raised ?160 crore from Mumbai-based Alpha Capital to build its second factory, develop new products and expand dealer network on hopes that local demand for its eco-friendly products will nearly double in the next few years, said a top company executive,” re...

AZB assists Nykaa on $15.8m investment by Luthra’s Lighthouse

“Lighthouse invests $15.8m for minority stake in Nykaa, TVS Shriram exits: Earlier this year, Nykaa had raised Rs 160 crore through primary and secondary share sale with the participation of existing investors for growth capital and to expand retail footprint,” reported Dealstreetasia . AZB & P...

AZB, SAM act on $19.5m Rabo investment in LT Foods, Nature-Bio Foods

“Rabo Equity Advisors invest Rs 140 crore in LT Food’s organic business: Rabo Equity had also infused $10 million in LT Foods, the listed parent of NBFL in 2009,” reported Mint . AZB & Partners advised LT Foods Limited and Nature-Bio Foods Limited led by a team of partners Daksh Trivedi and law...

AZB acts on $88m TPG investment in RR Kabel

“TPG, a global alternative asset firm, announced on Thursday that it has acquired a significant minority stake in R R Kabel Limited, one of the leading building wires and low-voltage cables manufacturers in India, the investor said in a statement. The PE firm is investing over Rs 6 billion, accordin...

SAM, AZB, JSA, Bharucha act on possibly $280m investment in Billdesk

“Visa takes minority stake in Billdesk, valuation hits $1.8 billion: Visas investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses,” reported The Economic Times . “The transaction involves a primary investment of about $200 million with a sec...

S&R acts on $40m deal for Bertelsmann India investment into Eruditus group

Eruditus Group, comprising Eruditus Executive Education and its online division Emeritus, has raised a $40-million Series C round led by Sequoia Capital. Existing investor Bertelsmann India Investments also participated in the round, the company said on Thursday. — Mint S&R Associates advised B...

AZB acts on TCS buy of US consulting firm BridgePoint

“TCS acquires US-based BridgePoint Group: TCS today announced the acquisition of BridgePoint Group, a US management consulting firm catering to the financial services industry, and specializing in retirement services, through the purchase of select company assets,” reported Mint . AZB & Partner...

KNM helps business process manager Globiva get $2m investment from CPP

“CPP Group Pays GBP2 Million For 61% Stake In Indian Firm Globiva: CPP Group PLC said Thursday it invested GBP2 million into Indian business process management firm Globiva,” reported The Morningstar . KNM & Partners advised Globiva Services Private Limited led by a team of senior partners Muke...

Cruelty Free Plum cosmetics raises $21m from Unilever Ventures with Themis

Pureplay Skin Sciences (India) Pvt. Ltd, a cosmetics manufacturing and retail start-up involved in vegan and cruelty-free beauty products under its brand-name ‘Plum’ has secured Rs 15 crore funding from Unilever Ventures, according to reports . Themis Associates advised Unilever Ventures led by a te...

CAM, Themis act on Rs 80 crUnilever, Kalaari investment in Shop101

“Shop101 raises Rs 80 Cr from Kalaari & Unilever Ventures: Shop101 helps small merchants sell to customers on social media platforms including WhatsApp, Facebook and Instagram,” reported Tech.economictimesdiatimes . This was the “dynamic social commerce” start-up’s Series B round. Themis Associ...

Capital Float buys personal finance app Walnut for $30m with Themis, K Law, Wadia Ghandy

Sequoia and SAIF’s stake in Walnut, a Bangalore based personal finance management app-maker, was acquired by Capital Float, a Bangalore based digital lending platform (in which Sequoia and SAIF are existing investors) for $30m, according to reports . Themis Associates advised Sequoia Capital and SAI...

SAM, Themis, S&R act on $33m Sequoia investment into Eruditus ed services

“Edtech startup Eruditus in funding talks to raise $40 million: Eruditus, an executive education service provider, is seeking to raise the funds in a Series C round led by Sequoia Capital India,” reported Mint . Update 29 May 2019 : S&R Associates advised existing investor Bertelsmann India Inv...

SAM acts for early investor Omidyar in $46.4m equity funding for NeoGrowth

“Digital lending platform NeoGrowth raises $47 mn in equity funding: Mumbai-headquartered non-banking financial company (NBFC) NeoGrowth Credit Pvt. Ltd, which provides flexible loans to merchants and offers automated repayment options, has secured Rs 300 crore ($47 million) in equity funding from i...

Byju calls on SAM for giant $540m fundraise from Trilegal, AZB clients Naspers, CP

“Byju’s raises $540 million from Naspers and CPPIB: Education startup Byju’s has raised $540 million in a round led by Naspers, with participation from Canada Pension Plan Investment Board (CPPIB),” reported Medianama . Shardul Amarchand Mangaldas & Co advised Byju (Think and Learn Pvt. Ltd) le...

Shardul Amarchand, AZB act on $28.5m WestBridge Capital investment in Design Cafe

“Home Interiors Startup Design Cafe Raises $28.5 Mn From WestBridge Capital: The recently raised funds will be used by the company to expand its footprints in the country including Mumbai Delhi/ NCR and Hyderabad,” reported Inc42 . Shardul Amarchand Mangaldas & Co advised WestBridge Capital led...

Khaitan, Clifford Chance act on Intermediate’s maiden Asia investment, buying USD 1 billion of StanChart PE portfolio

“StanChart sells PE portfolio for $1 billion to Intermediate’s arm: The portfolio comprises private equity investments in companies across Southeast Asia, India, China and South Korea,” reported Mint.