Private equity / VC
Trilegal acts for 2nd chipmaker, Qualcomm, on $100m Jio round (with AZB, etc)
It’s been raining cheques for Jio Platforms and the latest one, which came on Sunday, is from Qualcomm Ventures, the investment arm of Qualcomm Incorporated. Qualcomm Ventures has committed to invest up to ₹ 730 crore, which will translate into 0.15% equity stake in Reliance Industries’ digital unit...
JSA gets $4.5bn Google Jio piece as Big G to write 10bn cheque to India
Reliance Industries Ltd (RIL) during its 43rd annual general meeting (AGM) has announced the reeling in of Google as an investor. The company has announced Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio platforms after all regulations are met. With this, Google will be joining pa...
Trilegal also gets a Jio piece: Acts for Intel Cap on $253.8m Jio Platforms stake (with AZB, natch)
“Reliance Industries Limited and Jio Platforms Limited announced today that Intel Capital will invest ₹ 1,894.50 crore in Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore. Intel Capital’s investment will translate into a 0.39% equity stake in Jio Pla...
JSA acts for Servify on Series C fundraise
Service Lee Technologies Pvt. Ltd, which operates device management and support platform Servify, is raising Series C funding from a clutch of existing investors. — VCCircle J Sagar Associates (JSA) advised Service Lee Technologies Private Limited , operating as Servify led by partners Vikram Raghan...
AZB helps Carlyle win race for $490m 20% stake in CAM’s Piramal
Carlyle has agreed to pick up a significant minority stake in Ajay Piramal’s pharma business for $490 million trumping rival private equity peers KKR and TA Associates. The 20% stake sale values Piramal’s pharma business at Carlyle’s offer would value the business at around Rs 20,000 crore ($2.6 bil...
Nishith Desai bags rare non-SAM Jio investment in $1.2bn Abu Dhabi Mubadala round with AZB, Skaddens, DP
Abu Dhabi-based sovereign investor Mubadala Investment Company will buy 1.85% stake in Mukesh Ambani’s Jio Platforms for ₹9,093.60 crore, the Reliance Industries Ltd subsidiary said in a release… The latest transaction gives Jio Platforms an equity valuation of Rs4.91 trillion and an enterprise valu...
Algo acts for Surge Ventures on $2m pre-Series A into ‘video-first experience discovery platform’ Trell (Jan ‘20)
Bengaluru-based video-first experience discovery platform Trell has raised $2 Mn (INR 14.8 Cr) in Pre-Series A round led by Ruizheng Investment at $19 Mn valuation. Other investors who participated in the round include KTBN Venture, Sprout Venture Partners, AH Projects, and its existing investors Be...
Grey Matter Legal, Burgeon act on $0.6m pre-Series A for Clevergene Biocorp (Jan ‘20)
Radar India Advisors was instrumental in facilitating a Pre-Series A funding of Rs 5 crore into Avishkar Box from Auxano Trust. — Deccanchronicle Grey Matter Legal advised Clevergene Biocorp Private Limited led by a team of partner Ray Vikram Nath with associate Archit Gupta . The firm finalised the...
JSA, Khaitan advise WeWork, Embassy on $100m life-support-booster-shot from We-US parent into Indian subsidiary
Co-working major WeWork India, which is owned by the Embassy Group, on Friday said it has raised $100 million from WeWork Global for sustainable growth of its business. — Mint JSagar Associates advised Embassy Group and WeWork India Management Private Limited led by a team of joint managing partner ...
Rajaram, Pier Counsel act on $5m Series A for plant-based nutrition co OZiva
Early-stage venture capital firm Matrix Partners India has led a $5 million (Rs 37crore) Series A funding round in plant-based nutrition brand OZiva. — VCCircle Rajaram Legal advised Matrix Partners led by a team of partner Prasad Subramanyan , associate Mahima Pradeep and associate Kabir Phadke . A...
Rajaram acts on $13m Series B for Loadshare Tech
Logistics startup LoadShare Networks has raised a Series B funding round of ₹100 crore led by BEENEXT along with participation from CDC Group. — Mint Rajaram Legal advised Loadshare Technologies Private Limited , Matrix Partners India , and Stellaris Venture Partners led by a team of partner Priyada...
HSA acts on $1m angel round for Xtracap Fintech
Xtracap Fintech, the Gurugram-based startup, has raised $1 million in angel round of funding. The startup had launched its mobile app – Bridge2Capital in October 2018 for small shopkeepers to receive limited loan amount to pay their GST supplier bills. — Yourstory HSA Advocates advised Xtracap Finte...
S&R, Algo do $44m Series C round into SirionLabs by Avatar Growth Cap
Gurugram-based software-as-a-service (SaaS) provider SirionLabs has raised $44 million, as a part of its Series C round, led by Tiger Global and Avatar Growth Capital. — Mint S&R Associates advised Avatar Growth Capital led by a team of The S&R team was led by partners Sandip Bhagat and Su...
IC Universal, Anoma, AZB, K Law acts on $3.9m Awign Series A (Aug ‘19)
Awign Enterprises Pvt. Ltd, a Bengaluru-based operations and sales outsourcing startup, has raised its Series A round of funding — VCCircle (Paywall) Awign provides an online platform for outsourcing sales and operations through gig workers listed on their platform. IC Universal Legal advised Lumis ...
IC Universal, Anoma act on $2.8m microlender Krazybee investments by India SME (Sep ‘19)
India SME Investments LLP, a private equity fund launched by a former BanyanTree executive, has struck its third deal by picking — VCCircle (Paywall) IC Universal Legal advised India SME Investments LLP led by a team of partner Souvik Roy and associate Niharika Rao . Also advising was Anoma Legal . ...
Khaitan, Algo, JSA, foreigns act on $60m Series B for Khatabook from Facebook co-founder’s B Cap
NEW DELHI/BENGALURU: Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook cofounder Eduardo Saverin. This takes the total funding raised by the twoyear old firm to $87 million. — ...
JSA acts for Unitus on $1m funding round investment in GetClarity Fintech (Feb ‘20)
Mumbai-based GetClarity Fintech Services, which owns and operates SuperMoney, an online financial services platform for blue-collar professionals, has raised $1 million in a funding round from early stage venture fund Unitus Ventures. — Techcircle J Sagar Associates (JSA) advised Unitus Seed Fund II...
Algo acts for Facebook community management tool Surge on $4m pre-Series A
Convosight, a software-as-a-service (SaaS) platform which allows Facebook community admins to manage their groups, said it has raised $4 million (Rs 30.26 crore) in its pre-Series A round of funding. — VCCircle Algo Legal advised Surge led by a team of partners Vinayak Mishra and Prateek Mohapatra w...
Legasis, Lexstart acts on Tessol fundraise from 1Crowd, angels (Dec ‘19)
Tessol Energy Service Solutions, a Mumbai-based cleantech startup that provides thermal energy-based cold chain technology solutions, has raised an undisclosed sum in a funding round from crowdfunding platform 1Crowd. A group of angel investors, whose identities were not disclosed, participated in t...
Khaitan acts for Emami on selling out of Emami Power to Brookfield AM (Mar ‘20)
The promoters of Emami Group sold their entire shareholding in Emami Power Limited to Pyrite Power Private Limited, an Indian affiliate of Brookfield Asset Management Inc. Canadian investment giant Brookfield Asset Management has sealed a deal to buy out Emami Power, the solar power business of Kolk...