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IndusLaw, Nishith Desai debug $50m Series A by Accel in web testing platform Browserstack, with Irish, US firms

Mumbai-based web and mobile browser testing platform, BroswerStack has raised Rs 318 crores (around $50m) in a Series A funding round led by US-based venture capital firm Accel for a minority equity position, as reported by TechCrunch and VC Circle.

BrowserStack, with offices in Dublin and its North American headquarters in San Francisco, was until now a bootstrapped venture and the current funding marks its first external financing since inception. According to the press release by BrowserStack, Accel partner Ryan Sweeney will be joining the board of directors at BrowserStack as a part of the transaction.

IndusLaw assisted Accel India and Accel Growth in conducting a limited due diligence on the Indian subsidiary of BrowserStack, along with the drafting, structuring, negotiating and finalising of the transaction and other ancillary documents. The transaction team comprised of partner Srinivas Katta, partner Winnie Shekhar, senior associate Mayukh Datta and associate Pavani Nath, while the due diligence aspect of the transaction was handled by senior associate Mayukh Datta along with associates Siddhesh Iyer and Pavani Nath.

Arthur Cox acted as the Irish legal counsel for Accel, represented by partner John Menton, associate Iseult Mangan, solicitor Ann-Marie Glynn and associate solicitor Christopher O’Connor.

Outsight Legal acted as the US counsel for Accel led by founding partner Montu R. Bashambu and Jason Meek.

Nishith Desai Associates advised BrowserStack as its Indian subsidiary’s Indian legal counsel, represented by partner Simone Reis and senior associate Jenisha Parikh.

Byrne Wallace represented BrowserStack as its Irish legal counsel and was led by partner Darren Daly, senior associate Jonathan Lynch and taxation advisor Anthony Smyth

Founded in 2011 by serial entrepreneurs Ritesh Arora and Nakul Aggarwal, BrowserStack provides a subscription-based service to facilitate a cloud-based cross-browser testing tool that enables developers to test their websites across various browsers on different operating systems and mobile devices, without requiring users to install virtual machines, devices or emulators.

According to the press release, the current investment is expected to fuel BrowserStack’s continued commitment to being the testing infrastructure for the internet and allows the company to expand its world-class team and raise global brand awareness.

2018-01-30

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Like +0 Object -0 Guest 08 Feb 18, 10:37
Are the excerpts re: law firms on the transaction based on such firms' press releases? If not, some copy-editing would be useful. The IndusLaw "transaction team comprised of senior equity partner Srinivas Katta, partner Winnie Shekhar, senior associate Mayukh Datta and associate Pavani Nath, while the due diligence aspect of the transaction was handled by senior associate Mayukh Datta along with associates Siddhesh Iyer and Pavani Nath." Why not add poor Siddhesh's name to the transaction team, and make the sentence shorter? Or does IndusLaw believe that Due Diligence isn't really a part of the transaction?

Of course, this is assuming there is only one Mayukh Datta and Pavani Nath at IndusLaw.
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Like +0 Object -0 kianganz 08 Feb 18, 11:05
Sometimes firms provide a breakdown of different teams, and we then generally also include that information.
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