Private equity / VC
Trilegal for Softbank in latest $238m investment into Samvad’s PolicyBazaar, with JSA, Khaitan
“PolicyBazaar, along with PaisaBazaar, has secured $238 million (Rs 1,600 crore) in equity financing led by SoftBank, the world’s largest technology investor, in the process joining a rapid succession of Indian enterprises being catapulted into the once-elusive Unicorn club”, reported the Economic T...
AZB advises PE giant KKR on $62m stake sale in Coffee Day Enterprises
Global private equity major, KKR and its affiliate KKR Mauritius PE Investments, has sold around 6% of its stake in Coffee Day Enterprises, which operates the popular coffee retail chain Café Coffee Day for Rs 405 crores (around $62m) through open market transactions, reported VC Circle and The Econ...
Rajaram for Omidyar, Samvad for fin-tech startup Kaleidofin, in $2.8m seed funding
Chennai-based financial technology startup, Kaleidofin, has raised Rs 18 crores ($2.8m) in a seed funding round led by impact investing firm Omidyar Network, along with participation from Blume Ventures and Israeli serial entrepreneur and investor Professor Shlomo Ben-Haim, as reported by MoneyContr...
CAM, Khaitan on $105m Feedback Infra raise from ADV Partners
Infrastructure services provider, Feedback Infra has raised Rs 685 crores (around $105m) from Asian PE manager ADV Partners through a mix of equity and debt investment, with a secondary acquisition of securities from existing shareholders L&T Infra Finance and IDFC, reported The Economic Times ...
SAM, JSA on $732m Indiabulls stake sale to Blackstone
“Indiabulls Real Estate Ltd (IBREL) has executed definitive transaction documents with global private equity investor Blackstone Group LP to divest 50% stake in subsidiaries Indiabulls Properties Private Ltd and Indiabulls Real Estate Co. Pvt. Ltd at an aggregate enterprise value of $1.46bn or Rs9,5...
Naveen Goel Law leads Pine Labs on $82m E raise from Actis, Altimeter with Themis for Sequoia
Digital payments startup, Pine Labs has raised Rs 530 crores (around $82m) in a Series E funding round led by PE firm Actis Capital along with tech-focused US investment firm Altimeter Capital, as reported by Mint and VC Circle . It was also reported that with the latest funding, the valuation of th...
KKR-backed FIFA, IPL-tech manager GSC gets $80m with JSA, AZB, SAM, 2 foreigns from Emerald
Private equity giant KKR-backed investment platform Emerald Media has picked up a significant minority stake in Global Sports Commerce and its global affiliate Techfront for Rs 520 crores ($80m), through a combination of primary and secondary investments, as reported by Yourstory and The Economic Ti...
Jerome Merchant + P, Trilegal Bgl on food startup Soulfull’s $5.4m raise from Aavishkar
Bengaluru-based packaged foods start-up Kottaram Agro Foods that markets its products under the brand Soulfull, has raised Rs 35 crores (around $5.4m) from India’s leading impact investment firm and part of the Aavishkaar-Intellecap Group, Aavishkaar Bharat Fund, as reported by Mint and The Economic...
SAM, CAM, S&R furnish Pepperfry with $39m from US-based State Street Global Advisors
Online furniture and home marketplace, Pepperfry, owned by Mumbai-heaquartered TrendSutra Platform Services has raised Rs 250 crores (around $38.5m) in a fresh round of funding led by US-based asset management company State Street Global Advisors, as reported by VC Circle and Mint . With the current...
NDA with Allen Gledhill take off Udaan $50m Series B • Khaitan advises Yuri Milner fund • Link Legal, Gunderson for others
Bangalore-based online B2B e-commerce platform, Udaan has secured $50m in a Series B funding round led by Russian billionaire and DST Global founder Yuri Milner’s personal investment vehicle Apoletto, along with partcipation from existing investors Lightspeed Venture Partners US and Lightspeed India...
Jerome Merchant, Lexstart on Aviom India’s $2.3m Series A from Cambodia-based Insitor Impact Asia Fund
Delhi-based pan India financing company, Aviom India Housing Finance has raised Rs 15 crore ($2.3m) equity funding from Cambodia-based investor Insitor Impact Asia Fund in a Series A round of funding, as reported by VC Circle and Business Standard . Jerome Merchant + Partners advised Aviom India Hou...
Legasis, ALMT on hyper logistic platform Grab.in $1.5m raise from SIDBI
Emerging food delivery startup, Grab.in, has raised a funding of Rs 9 crores ($1.5m) from SIDBI Venture Capital, the wholly owned subsidiary of SIDBI, as reported by YourStory and MoneyControl. With the current funding, SIDBI will be joining the list of Grab’s investors that include Aramex Ventures, Zomato, and Sixth Sense Ventures. The Mumbai-based startup had earlier raised $1 million from Oliphans Capital and independent investor Haresh Chawla in April 2015, while Zomato had invested an undisclosed amount in the startup five months later.
SAM’s Khansaheb, Platinum on Tencent $115m investment in Times Internet music streamer Gaana
Chinese internet conglomerate Tencent has invested $115m in Indian music streaming service Gaana, which is owned and was started by Times Internet. Times Internet in-house counsel Parul Sabharwal instructed Shardul Amarchand Mangaldas partner Amit Khansaheb , principal associate Nikhil Sachdeva , se...
SAM Bangalore with Nishith Desai advises Swiggy on $100m raise from Naspers, Chinese e-com giant Meituan
Food and delivery logistics service Swiggy has raised $100m in a Series F round of investment from Naspers and Meituan-Dianping. “Led by the global investment and media conglomerate, Naspers, with participation from the Chinese e-commerce company Meituan-Dianping, the investment is an indicator that...
SAM, AZB, S&R help fintech major Lendingkart raise $87m Series C from Fullerton Singapore, others
Singapore-based Fullerton Financial Holdings along with existing investors has picked up over 25% stake in Bengaluru based online lending startup, Lendingkart Technologies by raising an estimated Rs 565 crores ($87m) equity capital in a Series C funding round, making it one of the largest in the SME...
AZB-Symbi ‘09, RML ’11 alums Kant, Kanha start-up Sequitur on back of Backpacker Panda $1.4m fundraise
Symbiosis Pune 2009 alumnus Utpal Kant and RMLNLU Lucknow 2011 alumnus Prashant Kanha started up corporate and litigation firm Sequitur in Noida this month, and helped Pune based backpacking hospitality platform Backpacker Panda raise $1.4m.
Alpha, Trilegal, Indus on $21m CDC investment in Asian Institute of Med Science
Faridabad-based super-specialty hospital, Asian Institute of Medical Sciences, has raised an investment of Rs 139 crores ($21m) from UK-based development finance institution CDC Group in a frsh round of funding, as reported by VC Circle and Mint . Existing investor Orbimed which backed the healthcar...
IndusLaw, Nishith Desai debug $50m Series A by Accel in web testing platform Browserstack, with Irish, US firms
Mumbai-based web and mobile browser testing platform, BroswerStack has raised Rs 318 crores (around $50m) in a Series A funding round led by US-based venture capital firm Accel for a minority equity position, as reported by TechCrunch and VC Circle . BrowserStack, with offices in Dublin and its Nort...
$300m fundraise: BigBasket shops with CAM Bangalore, Alibaba invests in Trilegal [UPDATE: Khaitan for Abraaj]
Cyril Amarchand Mangaldas (CAM) Bangalore-based partner Reeba Chacko led for BigBasket, with partner Akshay Bhat and principal associate S Harish. The firm also acted for the existing investors.
$200m investment: AZB orders off Zomato, Trilegal lifts for Alibaba’s Ant, JSA advises InfoEdge [UPDATE: SAM for Temasek]
The stake sale to the subsidiary of Chinese e-commerce giant Alibaba, values the online food ordering biz Zomato at $1.1bn, and has seen law firms AZB, Trilegal and JSA secure roles. Zomato has raised $150m from Ant Small and Micro Financial Services Group (Ant Financial), which is a payments affili...