Private equity / VC

AZB acts for Warburg on $39m, 22% investment by UK Climate Investments Apollo (Apr ‘19)

UK Climate Investments Apollo Limited acquired 22% in Clean Max Enviro Energy Solutions Private Limited, for which Warburg Pincus is an existing shareholder, according to reports . AZB & Partners advised Yellow Bell Investment Limited, an affiliate of Warburg Pincus LLC, led by a team of partne...

AZB advises Actis on $30m injection for Pine Labs’ acquisition of Qwikcilver (Apr ‘19)

Actis portfolio company, Pine Labs, India’s leading merchant platform company, has signed a definitive agreement to acquire Bangalore-based gift card solutions provider, Qwikcilver, for USD 110 million, subject to closing conditions. The transaction has been funded from the company’s cash reserves a...

Rajaram, Cantor Associates act for Toddle teacher tools on first fundraise round

Educational technology startup Toddle has raised its first institutional funding round, led by Matrix Partners India. Better Capital and angel investors such as Swiggy co-founder Rahul Jaimini also participated in the capital raising, Deepanshu Arora, co-founder of Toddle told ET, without disclosing...

Universal acts for Nutrova on DSG fundraise

Axys Nutrition Products Pvt. Ltd, which makes nutrition and nutraceutical products under the brand name Nutrova … said it has raised funding from consumer-focused venture capital firm DSG Consumer Partners. — VCCircle Universal Legal advised Nutrova , owned by Axys Nutrition Products Pvt Ltd led by ...

Samvad, IC Universal do $5.9m agritech Intello Labs Series A

Agritech startup Intello Labs has raised $5.9 million in Series A round led by early stage investor Saama Capital, along with global agritech funds GROW (Singapore) and SVG Ventures THRIVE (US). Existing investors Omnivore and Nexus Venture Partners also participated in this round. — Mint Samvad Par...

JSA, SAM, CAM act on $45m Vivriti Capital online debt platform Series B

Vivriti Capital Pvt. Ltd, which runs an online enterprise debt platform and lender, has raised $50 million (about Rs 350 crores) in its Series B funding from LGT Lightstone Aspada. — VCCircle J Sagar Associates advised Creation Investments India III, LLC (Creation), led by a team of partners Lalit K...

Indus, SAM, NDA team up for $19m Series B for warranty services provider Onsitego

Mumbai-based extended warranty and device protection services provider Onsitego has raised $19 million (approximately Rs 135.71 crore at current exchange rates) in its Series B funding round led by the Avendus-sponsored Zodius Growth Fund. — VCCircle INDUSLAW advised Accel led by a team of partner A...

HSA acts on Shell incubator seed round for Gogreenbov

Gogreenbov has raised seed funding from the Shell E4 Startup Incubator program, according to the incubator.

HSA Advocates advised Gogreenbov led by a team of associate partner Vatsal Gaur and senior associate Mitra Arabandi.

Also advising was the Shell in-house legal team.

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Antares, Vertices help Series B $9m into Sindhuja Microcredit

Norway-based Nordic Microfinance Initiative (NMI) and Carpediem Capital have agreed to invest Rs 67.5 crore in Sindhuja Microcredit, a New Delhi-based rural focused micro finance institution. NMI and Carpediem will pick minority stakes in the company, which provides financial services to the bottom ...

AAS Regina, LexStart do $1m Anicut Angel round for eco-footwear start-up Neeman’s

Anicut Angel Fund has made its maiden investment and led a pre-Series A round of close to a $1 million in Hyderabad-based Neeman’s, an eco-conscious footwear brand making comfortable shoes using Merino Wool. — Yourstory AAS Regina Legal advised Anicut Angel Fund led by a team of partner Ankita Singh...

LKS, S&R, ALMT act on $1.5m Mobisy distribution SaaS fundraise from IndiaMART, Triton

Bengaluru-based Mobisy, a SaaS-based distribution technology solutions provider is raising INR 11.4 Cr from B2B ecommerce platform IndiaMART and Triton Alternative Investment Trust. — Inc42 Lakshmikumaran & Sridharan advised Mobisy Technologies Private Limited led by a team of partner Neeraj Du...

Simpsons joins AZB-SAM gravytrain in $1.5bn KKR also-want-buy into Jio

The line of investors patiently queuing outside Reliance Industries’ frontdoors has only been getting longer, though the lines of law firms has remained a by-now routine short list of AZB, SAM plus a new international firm. Shardul Amarchand Mangaldas’ national head of corporate, Raghubir Menon, com...

Jio Round 4, General Atlantic, for $870m goes to... Paul Weiss (it’s not possible to spoiler the rest)

For the fourth consecutive record-busting investment in everyone’s darling, all of which have had AZB and SAM on it (see Facebook , Silver Lake , Vista ), no prizes for guessing who got this round in law firm land. However, international law firms seem to all be getting a good stab at representation...

Legasis acts for ITI on $0.5m Wagonfly contactless shopping early stage post-Covid fundraise

Mumbai. As covid-19 spread increases the need for social distancing, Wagonfly that provides contactless shopping and delivery experience for its customers, … said it raised about $500,000 from Investment Trust of India (ITI) group-led early stage venture capital fund, ITI Growth, and angel investor ...

S&R acts for Bertelsmann on $30m Lendingkart Series D with SAM (Aug ‘19)

Lendingkart Technologies Pvt. Ltd said … it has raised Rs 212 crore ($30 million) in its Series D round of funding. — VCCircle S&R Associates advised Bertelsmann India Investments led by a team of The S&R team was led by partners Rachael Israel and Prachi Goel . In February 2018, Shardul A...

Rajaram, Inventus, Goodwin act on $25m Series C into MoEngage

MoEngage, an intelligent customer analytics and cross-channel engagement platform, has raised $25 million in Series C funding. The funding was led by Eight Roads Ventures with participation from its US-based sister fund, F-Prime Capital, along with Matrix Partners India and Ventureast. — Hindu Busin...

Samvad for Zetwerk as Algo helps Sequoia on $32M Series B (Dec 19)

Zetwerk, a platform for customised products for industrial use, has raised $32 million (Rs 225 crore) in Series-B funding from venture capital firms Lightspeed and Greenoaks Capital to fuel its expansion plans. The funding round also saw participation from Zetwerk’s existing investors Sequoia India,...

Bharucha, Samvad act on $29m General Atlantic follow-on into NoBroker

NoBroker Technologies Solutions has raised an additional $30 million (about Rs 231 crore) from existing investor General Atlantic (GA), the online real estate search platform said in its filings with the Registrar of Companies. — The Economic Times Bharucha & Partners advised General Atlantic l...

Samvad acts for Pravega on $2m Series A into payments company Mitoak

Mintoak, a Mumbai based merchant payments solutions company, set up by former top officials of Visa, has raised close to Rs 15 crore in a pre-Series A round of fund raise led by Pravega Ventures. The Mintoak platform offers a single view across all forms of payments to provide reconciled statements ...

AZB, SAM triple tap with K&E: Jio raises another cool $1.5bn from Vista Equity

It will surprise no one anymore that as Reliance’s 200-pound telecoms behemoth Jio has taken the third round of mega funding in as many weeks, two Indian law firms have been there every billable hour of the way: no doubt much welcome in these tough times. Private equity firm Vista Equity Partners sa...