“Retail-focused non-banking financial company Kogta Financial has secured 154 crore in a financing round led by a fund managed by Morgan Stanley Private Equity Asia and existing backer IIFL Seed Ventures. The Morgan Stanley Private Equity Asia-managed fund invested about 114 crore for a minority stake, while IIFL Seed Ventures, the first institutional investor in 22-year-old Kogta Financial, put in 40 crore,” reported Economic Times.

Jerome Merchant + Partners advised IIFL Seed Ventures led by a team of partner Sameer Sibal along with associates Anna Liz Thomas and Rishabh Amber Gupta.

Trilegal advised the Kogta Financial (India) Limited, led by partner Kunal Chandra along with senior associate Harshil Dalal and associates Akshat Shrivastava and Akriti Gupta.

Shardul Amarchand Mangaldas acted for Morgan Stanley led by partner Nivedita Tiwari along with associate Rajashree Ravi.

Deal value: INR 154 crores

2018-11-29

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