Dailyhunt’s parent VerSe is on a funding streak. Barely one-and-a-half months after completing a USD 100 million-plus funding round from AlphaWave, Google, and Microsoft, at a valuation of over USD 1 billion, the holding company of the local language news aggregator app has raised another USD 100 million in a Series H funding round.
— Kr-Asia.Com
Rajaram Legal advised Ver Se Innovation Private Limited, operating as DailyHunt, led by a team of partner Prasad Subramanyan and senior associate Nikita Rajwade.
Cleary Gottlieb Steen & Hamilton LLP was advising the Qatar Investment Authority with a team comprising of partner Nallini Puri, and associates Surya Banerjee and Georgia Moorhouse.
Cyril Amarchand Mangaldas acted for Alpha Wave led by a team of partners Akshay Bhat and Kota Chandan, principal associate Suvojit Halder, senior associate Sambhrama Malimath, and associate Saumya Sahai.
Cyril Amarchand Mangaldas also acted for Google with partner Harish S and senior associate Saloni Shroff.
J Sagar Associates (JSA) acted for Microsoft led by partner Lalit Kumar and senior associate Amandeep Singh Virk.
Touchstone Partners represented Glade Brook and Canaan Valley Capital led by a team of partner Ruchir Sinha and associate Sanjana Bhatnagar.
Series H Investors Lupa Systems and Sofina, and Existing Investor Omidyar Network were all represented by their respective in-house legal teams.
Existing Investor Goldman Sachs was represented by Trilegal, led by a team of partners Sridhar Gorthi and Aniruddha Sen, counsel Deep Choudhuri, and associates Shikha Rawal and Kanishtha Mehta.
Trilegal also represented Exis.
Update 14 February 2021: Trilegal also advised Bytedance (HK) Limited (an existing investor) led by a team including partner Gautam Singh and senior associate Kushal Ramotre.
2021-02-08
Deal value: USD 200 million
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.
Click here if you are working with a law firm that has not been credited for this deal, and we will update the report promptly.
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1. Liability of the lawyers is limited to the fees earned. In case of a USD 5 million deal, the advisors liability maybe just 1 Lakh rupees
2. Founders are busy with the products and business and do not know the legal and regulatory risks
3. Investors may vary of their rights as founders may disappear overnight
While investing millions, focus on the 1 lakh fees being charged. Copy+Paste may not be worth in the long run.
Lets wait and watch how startups face the heat from large investors when they litigate in the very near future. Start saving startups and their founders as you may need tons of USDs to litigate. Happy Copy pasting the rest.
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