IIFL Asset Management Ltd has invested in a craft-beer maker, marking the firm’s debut deal in the alcoholic beverages segment, two people privy to the development told VCCircle. — IIFL Asset Management

Desai & Diwanji advised White Owl Brewery Private Limited led by a team of partner Aneesh Gupte and associate Ashutosh Merchant.

Jerome Merchant + Partners represented IIFL Asset Management. The team comprised of partners Shameek Ray and Sameer Sibal along with associates Rishabh Amber Gupta and Shaleen Tiwari.

2018-05-03

Deal value: Confidential