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MD&T, Khaitan, JSA, NDA advise on Sachin Bansal, Innoven, Hero $51m Series C in e-scooter maker Ather

Electric scooter maker Ather Energy Pvt. Ltd said ... that it has raised $51 million in its latest investment round, led by existing investor Sachin Bansal who chipped in with $32 million ( ₹220 crore)... In addition to the equity round, Ather Energy said it has also raised $8 million in debt from venture debt firm Innoven Capital.

Mint

MD&T Partners advised the company’s early backer Sachin Bansal, who had co-founded Flipkart, led by a team of partners PM Thimmaiah, Sandhya PV, senior associate Mythri Shenoy and associate Sruthi Amarala.

Khaitan & Co acted for the company, Ather Energy, led by a team of partner Rajiv Khaitan, partner Sharad Moudgal, partner Sanjay Khan Nagra, senior associate B N Vivek and associate Sanjay Krishna.

J Sagar Associates (JSA) acted for Hero MotoCorp, which exchanged $19m of its convertible debt in the company into equity.

Update 10 June 2019: Nishith Desai Associates advised InnoVen, led by a team including leader Karan Kalra, senior associate Swati Sharma and associate Srinivas Raman.

2019-05-28

Deal value: $51m

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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