SZS Tech, which owns and operates vernacular social commerce and discovery platform Simsim, has raised over $8 million (about Rs 57 crore) in its Series-B round of funding, the latest equity financing mopped up by the startup in the past six months. The latest funding round has been led by Simsim’s existing set of investors, China’s Shunwei Capital and marquee venture capital firm Accel Partners.

— The Economic Times

Rajaram Legal advised SZS Tech Private Limited led by a team of partner Prasad Subramanyan and associate Kanchana S P.

J Sagar Associates (JSA) acted for Good Capital.

IndusLaw appeared for Accel Partners and Shunwei Capital, led by a team including partner Anindya Ghosh, and a team including lawyers Ankita Gupta, Siddhant Maheshwari and Shreyas Bapat.

2020-02-01

Deal value: USD 8 million

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