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Khaitan, Indus on $30m Zolostays fundraising

“IDFC and Mirae Entities along with: (a) Nexus Ventures IV, Ltd.; and (b) Other Investors have subscribed to Series B compulsorily convertible preference shares and common equity shares issued by Zolostays forming minority shareholding of Zolostays on a fully diluted basis,” reported Inc42.

Khaitan & Co advised IDFC Alternatives (through IDFC Private Equity Fund IV (now known as Investcorp India Asset Managers Private Limited); and Mirae Asset Global Investments led by partner Vineet Shingal, principal associate Nayantara Kutty and associates Srikanth Mantravadi, Shailesh Singh, Roopali Adlakha and Rimjhim Khandelwal.

IndusLaw advised Zolostays.

2019-01-25

Deal value: Approx. $30m

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.

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