•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student
other

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

A(nand) P(rasad) Partners acts on $100m Cars24 fundraise with ex-Themis Algo, JMP, Themis, Linklaters, etc

Online used car marketplace Cars24 has closed a $100 million (about Rs 714 crore) equity financing round from a clutch of new and existing investors, including Unbound, the London-based investment firm founded by Bharti Airtel scion Shravin Mittal. A second new investor, New York-based investment firm Moore Strategic Ventures, has also joined the Singapore and Gurugram-based company’s cap table.

The Economic Times

The round involved fresh funding from existing investors KCK Group, Sequoia Capital, DST Global, Exor Seeds and Kingsway Capital. The Series D round saw new investors Unbound and Moore Capital joining the funding round as well.

AP & Partners advised Cars24 and its promoters. AP & Partners was led by a team of partner Moksha Bhat, associate Gaganjyot Singh and associate Suchita Vyas. The firm had been founded recently by ex-Trilegal senior partner Anand Prasad;; and three others, to focus primarily on complex work.

Cars24 was led by its general counsel, and was also advised by Singaporean law firm Shook Lin & Bok.

Linklaters acted for new investor Moore Capital.

Algo Legal acted for new investor Unbound, led by partner Siddharth Manchanda, senior associate Priya Makhijani and associate Rohit Jain.

For existing investors:

Themis Associates represented Sequoia, led by a team including principal associate Vijay Santosh.

Jerome Merchant & Partners advised Venture Highway.

Gunderson Dettmer for Exor Seeds.

Withersworldwide for Kingsway FCI Fund.

2019-10-17

Deal value: USD 100 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click to show 16 comments
at your own risk
(alt+c)
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.

Latest comments