Private equity / VC
CAM advises Amazon Investments on $11m Shuttle bus aggregator Series B fundraise
“Bus aggregator Shuttl, owned by Super Highway Labs Pvt. Ltd, has raised $11 million led by Amazon India, Amazon Alexa Fund and Dentsu Ventures,” according to Mint . Cyril Amarchand Mangaldas advised Amazon.com NV Investments Holdings LLC led by partner Manan Mehta . 2018-06-18 Deal value: INR 33,50...
CAM, SAM, AZB act on $42m Ess Kay Fincorp investment by TPG
Jaipur-based NBFC Ess Kay Fincorp Limited and Rajendra Kumar Setia (Promoter) received a $42m investment from TPG Growth IV SF Pte Ltd and existing investors Norwest Venture Partners X-Mauritius (Norwest) and Evolvence Coinvest-I (Evolvence), according to ET . Baring Private Equity India AIF is also...
Argus, SAM on $3.3m DeTect Tech robotics Series A funding from SAIF
“Chennai-based robotics startup DeTect Technologies Tuesday said it has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners as it seeks to double its workforce and expand in the UK and Europe. Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round,” reported Mint.
Samvad scores 1st reported deal for Zomato on $210m Series I funding, with Trilegal for Ali, Themis, SAM
“Alibaba’s payment affiliate Ant Financial has pumped in another $210 million in restaurant discovery and food-delivery platform Zomato, as the company ramps of spending for its market leadership battle against rival Swiggy,” reported the Economic Times, about the unicorn’s Series I round of fundraising.
Rajaram, S&R, Indus assist in $25m investment in meat start-up Licious with Veritas
Delightful Gourmet, which operates Licious, a food brand in the meat and seafood category, has raised $25m of Series C funding from German media conglomerate’s investment arm Bertelsmann India Investments and Vertex Ventures Southeast Asia and India, along with UCLA and existing investors Mayfield I...
Freshfields acts for Bharti Airtel on pre-IPO African $1.25bn fundraising from PE bigshots
Freshfields Bruckhaus Deringer acted for Indian telecoms giant Bharti Airtel and its subsidiary Airtel Africa on a $1.25bn investment in Airtel Africa by six leading global investors including Warburg Pincus, Softbank, Temasek and Singtel. The Freshfields team was led by India practice head and corp...
Legasis, Sahai help Snackible foods raise early round from SAM’s Akshay Chudasama, others via Mumbai Angels, 1Crowd-funding
LightSaber Food Ventures Pvt. Ltd, which sells healthy foods under the Snackible brand online and offline, has received early stage investments from the Mumbai Angels and early-stage investor / equity crowd funding platform 1Crowd for an undisclosed amount, according to VCCircle . Sahai & Co pa...
JSA helps Origo Commodities raise $10.8m from several investors
“Origo Commodities has raised ?80 crore from impact investors Oikocredit, Caspian SME Impact Fund IV, and Triodos Investment Management through its Hivos-Triodos Fund,” according to the Hindu BusinessLine . The 2010-founded company provides “agriculture supply chain solutions and financing for all p...
JSA raises $5.4m for trucker logistics co GoBOLT from Aavishkaar
“Mamuni Das Logistics start-up GoBOLT has secured funding of ₹40 crore from Aavishkaar-Intellecap Group’s Aavishkaar Bharat Fund,” reported The Hindu BusinessLine about the Series B fund raising from the AIF. J Sagar Associates (JSA) advised Camions Logistics Solutions Private Limited (a.k.a. GoBOLT...
JSA on True North $94m investment in Ban Labs’ Sesa Haircare
“Private equity firm True North has acquired a 75% stake in Ban Labs Pvt. Ltd, the owner of the Sesa Hair Oil brand, for about Rs 700 crore, said a person familiar with the matter,” Mint . J Sagar Associates (JSA) advised the promoters of Ban Labs Private Limited (BLPL), led by partner Sidharrth Sha...
Asian Development Bank, advised by AZB, makes $9m Series A in DCDC dialysis centres
“The Asian Development Bank (ADB) has agreed to invest $10 million (Rs 68.7 crore) in DCDC Health Services Pvt. Ltd, which operates dialysis centres under the brand Deep Chand Dialysis Centre,” reported VCCircle . AZB & Partners advised Asian Development Bank (ADB) led by partners Gautam Saha a...
AZB, JSA, CAM on $66m 4% buy of SBI General Insurance by Axis fund
Acquisition by Axis New Opportunities AIF – I and PI Opportunities Fund – I and Premji Invest of approximately 4% stake in SBI General from State Bank of India, as reported by NDTV and others. AZB & Partners advised Axis New Opportunities AIF – I, a scheme of Axis Alternative Investment Fund - ...
AZB, Samvad on $35.2m stake investment in PharmEasy online pharmacy
Acquisition by Ascent Health and Wellness Solutions, Bessemer India Capital Holdings, The Fundamentum Partnership Fund, Eight Roads India Ventures, F-Prime Capital Partners healthcare fund, TIMF, Medi Assist Healthcare Services Limited (“Medi Assist”) and others of 30.14% of the share capital of 91S...
Rajaram, Themis, IC Universal on Daily Ninja’s $2.7m Series A by Matrix Partners, Sequoia, Saama
Milk and grocery delivery startup DailyNinja has raised an estimated 20 crores (around $2.7m) in a Series A round of funding from Matrix Partners India, with participation from existing investors Sequoia India and Saama Capital. reported The Economic Times . The current investment comes a few months...
SAM, Trilegal advise on $86m Gemini Edibles & Fats minority stake investment by food PE fund Black River
Black River Food 2 Pte Limited has bought a minority stake in Hyderabad-based edible oils and fats making and marketing company Gemini Edibles & Fats, through a combination of primary and secondary acquisition, with a deal value of RS 640 crores, according to a press release from Shardul Amarch...
Rajaram, Themis, Sahai on Stanza Living’s $10m Series A raise by Sequoia Cap, existing investors
Hostel and paying guest accommodation startup, Stanza Living has raised an estimated Rs 73 crores (around $10m) in a Series A round of funding led by Sequoia Capital, along with participation from existing investors Matrix Partners and California-headquartered Accel Partners, as reported by VC Circl...
Link Legal, ARA, JPM team up on social network Sharechat’s $100m raise from Shunwei, Xiaomi
Mohalla Tech owned vernacular social networking platform, Sharechat has raised Ra 720 crores ($100m) in a new funding round led by existing investors Shunwei Capital and Xiaomi together with Hong Kong-based Morningside Ventures, DST Global, Lightspeed, SAIF Partners, India Quotient and Venture Highw...
JSA, SAM raise $12m for ex-BMR client Faasos in Series C with Sistema, Ru-Net
Indian food-tech startup Faasos has raised Rs 86.2 crores ($12m) in its Series C round of funding from an investor consortium including Singapore based venture capital fund Sistema Asia Fund, Ru-Net, an international fund led by Russian venture magnate Leonid Boguslavsky, as well as Sequoia Capital ...
Samvad, LegaLogic on $1m Bonfleet seed funding
“Bonfleet Solutions Pvt. Ltd, which runs fintech startup Bon, has raised a seed round of funding led by impact investment firm Omidyar Network. The company has received Rs 7.8 crore ($1.03 million) from investors that also include early-stage investment firm Axilor Ventures and Better Capital’s AngelList India Syndicate,” reported VC Circle.
Rajaram guides digital lender Kissht on $30m Series C with SAM, Indus, D&D
Online lender Kissht has raised a Series C round of $30m from Singapore’s Vertex Ventures and Russia’s Sistema Asia Fund, as well as from existing investors Fosun RZ Capital, Ventureast and Endiya Partners, reported Mint . Rajaram Legal acted for Kissht led by principal associate Prasad Subramanyan ...