Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Other
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Deals
Courts
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences


Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

DSK, Rajaram help lifestyle start-up Chumbak Design raise $13m from Gaja, others

Mumbai-based mid-market PE firm Gaja Capital has raised INR 85 crores (USD 13 million) in design-led lifestyle venture Chumbak Design in an investment round by subscribing to securities of Chumbak constituting 28.36%, as reported by The Economic Times and VC Circle. Along with Gaja, the round also saw participation from its existing risk capital investors wherein Matrix Partners invested INR 22 crores ($ 3.4 million), while Seedfund invested INR 6 crores ($931k) in the lifestyle brand.

DSK Legal advised and assisted Gaja Capital and was represented by its due diligence team led by associate partner Pritha Jha, senior associates Deepti Sarma and Sanket Jain (PE & MA) and associate Taskeen Hamid, along with the transaction team led by senior associate Rukmini Bose and associates Mayank Mehta and Pooja Khanna.

Rajaram Legal acted and represented for Chumbak Lifestyle and Matrix in the transaction and was led by partners Archana Rajaram and Priyadarshini Sherchan.

PricewaterhouseCoopers acted as the financial advisors in the deal.

This is the Mumbai-based investor’s sixth transaction from its new fund and this investment by Gaja in Chumbak would be completed in two tranches.

2017-11-03

Click to show 1 comment
at your own risk
(alt+shift+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.
refresh Filter out low-rated comments. Show all comments. Sort chronologically
1
Show?
Like +1 Object -3 RLegal 08 Dec 17, 17:34
RAJARAM LEGAL : they are the best in business today.
Reply Report to LI


Latest comments