Private equity / VC
Rajaram acts for Matrix on $160m Series E of Razorpay
Bangalore based fin-tech startup, Razorpay has raised around INR 1208 crores ($160M) in its Series E funding round led by GIC, Sequoia Capital India, Matrix Partners India and Ribbit Capital, raising its valuation to $3bn, as reported by the Business Insider . Rajaram Legal advised Matrix Partners I...
Indus leads for ShareChat on $502m unicorn round with AZB, KCo, Gunderson, Cooley, Skadden
Mohalla Tech, the parent company behind India’s leading short video app Moj and Indic language social media platform ShareChat has become the latest entrant to the Unicorn Club. The company has raised US$502 million in its latest round. With the new rounds of investment, the valuation stands a littl...
Rajaram, Samvad do $120m Series D for Zetwerk manufacturing for $600m valuation
Business-to-business (B2B) manufacturing platform Zetwerk has raised $120 million (Rs 880 crore) in a Series D funding round led by US-based Greenoaks Capital and Lightspeed Venture Partners. The fundraising, which saw participation of Sequoia Capital and Kae Capital, values the company at around $6...
Algo acts on $14.16m Series A for Doubtnut investors (Jan ‘20)
Doubtnut provides video-based solutions to student queries through its app, website, YouTube and WhatsApp — Inc42 Algo Legal advised Surge Ventures , Sequoia and Redwood Trust led by a team of partner Vinayak Mishra , with lawyers Neha Madan , Shreya Raj and Ronak Shah . Also advising was Pier Couns...
Pioneer acts for Tata Capital on Konverge Healthcare investment (Aug ‘19)
Investment in Konverge Healthcare Private Limited. Tata Capital Healthcare Fund, the healthcare-focussed private equity arm of financial services firm Tata Capital Ltd, raised Rs.320 crore in 2013 and made around 8 investments till date. It invested in Intas Biopharmaceuticals, Novalead Pharma, Aman...
Poovayya helps Lokal join Y Combinator with $0.15m (Aug ‘19)
Lokal provides local news, information and classifieds for India. Since launching the app 10 months ago, Lokal has grown to 260,000 daily active users and is growing at 27% month over month. “The existing apps only focus on national and state level news,” the founder said. Otherwise, in order to get...
Samisti acts for Medplus on $200m minority investment from Warburg
Warburg Pincus is in advanced talks to invest Rs 1,500 crore in MedPlus for a significant minority stake. A mix of debt and equity will be used to pay off existing lenders such as Goldman Sachs and Edelweiss and also offer liquidity to smaller shareholders of the company. — Projectstoday Samisti Leg...
Rajaram, S&R, AZB, NDA raise $6m for Treebo Hotels from existing investors
Treebo Hotels … announced that it has raised $6 million (Rs 45 crore) in a new round of investment from its existing investors. Matrix Partners India, SAIF Partners, Ward Ferry, and Bertelsmann India Investments participated in this round. The company clarified that the fundraising is subject to reg...
JSA, AK Law do $14m seed round into Happilo fruits n nuts (& seeds) from A91
Happilo, a healthy gourmet snacking brand, has raised Rs 100 crore from A91 Partners in its first external funding round, at an undisclosed valuation. The Bengaluru-based brand is eyeing a healthy chunk of the Rs 40,000-crore dried fruits and nuts market, estimated to be the largest in the world. — ...
Sahai, Burgeon do $1.2m ExpressStores kirana chain seed round
Express Stores, a Gurugram-based branded omni-channel chain of Bharat’s kiranas, has raised a seed funding of Rs 8 crore. The round was led by early-stage venture capital firm Venture Highway (founded by Neeraj Arora, ex-Whatsapp and Samir Sood, ex-Google) with the participation of marquee individua...
Pioneer, Amicus act on Bridgestone investment in Jaipur’s Fleeca logistics start-up
As part of its strategy to be a leader in mobility solutions, Bridgestone India has made an investment in Fleeca India, a startup focused on providing digital-based business solutions to fleet operators, to increase efficiencies of their tyre usage, the company said. — The Economic Times Pioneer Leg...
Algo acts on Sequoia Surge fundraise in Indonesia’s Bobobox Series A1
Bandung-based accommodation startup Bobobox has raised USD 11.5 million in a Series A funding round led by Horizons Ventures and Alpha JWC Ventures, according to a company statement. New and existing investors Kakao Investments, Sequoia Surge, and Mallorca Investments also participated in the round....
Algo acts on $3.5m Surge Series A into Log 9 Materials (Jan ‘20)
Bengaluru-based cleantech startup Log 9 Materials, on Monday, said that it has raised $3.5 million as a part of its Series A round, led by Sequoia India’s scale up programme Surge and Exfinity Venture Partners. — Yourstory Algo Legal advised Surge Ventures II led by a team of partner Prashant Katari...
Samisti acts for Medplus on PremjiInvest’s $31m Medplus investment (Jan ‘20)
PremjiInvest ups stake in pharmacy chain eyeing IPO. PremjiInvest, the family office of Wipro Ltd founder chairman Azim Premji , has raised its stake in a pharmacy chain [Medplus] — VCCircle Samisti Legal LLP advised Medplus , operated by Gangadi Investment Private Limited led by a team of partner P...
Bharucha acts on $100m Series D for Vedantu Innovations
Education technology firm Vedantu has raised $100 million in Series D funding, led by US-based Coatue Management. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the fundraising. — The Economic Times Bharucha & Partners advised Vedantu Innovatio...
Spice Route acts for US’ Culbro Helix on $7m Dentzz fundraise (Sep ‘19)
India-focused PE fund Helix Investments has invested Rs 50 crore in dental services brand Dentzz through a secondary transaction. Dentzz operates seven dental facilities in India and one in Dubai. The company has clocked a growth rate of 30% annually. The firm will strengthen its brand and set up ne...
Algo acts for Quona Cap on agri-services start-up’s Arya $21m Series B
Seven-year-old Arya said … it has raised $21 million in its Series B financing round. The round was led by Quona Capital, a venture firm that focuses on fintech in emerging markets. Existing investors LGT Lightstone Aspada and Omnivore also participated in the round, while multiple unnamed lenders a...
JMP, Bharuchas help funding $6.8m in (Happily Unmarried) men’s grooming start-up Ustaraa
Financial services company Group’s second seed fund has invested Rs 50 crore in men’s grooming start-up Happily Unmarried Marketing, which sells products online under the brand name of Ustaraa. IIFL Seed Ventures Fund II, which was set up by IIFL Asset Management in July last year, has a corpus of a...
Rajaram unicorn DailyHunt raises $200m from Alpha, Google, MS with CAM x 2, Trilegal x 3, JSA, Touchstone
Dailyhunt’s parent VerSe is on a funding streak. Barely one-and-a-half months after completing a USD 100 million-plus funding round from AlphaWave, Google, and Microsoft, at a valuation of over USD 1 billion, the holding company of the local language news aggregator app has raised another USD 100 mi...
Pioneer, Indus act on $3m Zephyr Peacock investment in Ripplr
Intelligent Retail Pvt Ltd, which operates distribution and logistics startup Ripplr, has raised $3 million (around Rs 22 crore) in a Series A funding round. — VCCircle Pioneer Legal advised Zephyr Peacock India Growth Fund led by a team of partner Mayank Mehta , senior associate Sameer Raina and as...