Private equity / VC
Private equity / VC
"India has a new tech unicorn. Hike, a four-year-old messaging app, today announced that it has closed $175 million in funding led by new investors Chinese internet giant Tencent and manufacturing firm Foxconn. The Series D round values the company at $1.4 billion, founder and CEO Kavin Bharti Mittal confirmed to TechCrunch,” reported Techcrunch.
Private equity / VC
"P C Jeweller will raise up to Rs 257 crore through issue of preferential shares to US-based investment firm Fidelity for business expansion,” reported the Economic Times.
Private equity / VC
Nishith Desai Associates Mumbai acted for Tiger Global and DST Global, which invested $30m (Rs 200 crore) in a series C round in home rental company NestAway, which was advised by K Law.
Private equity / VC
K Law acted for Capital Float, the online lending platform for small and medium-sized enterprises (SMEs), in its $25m (Rs 170 crores) fundraising round led by Creation Investments, which was advised by J Sagar Associates (JSA) Delhi partner Lalit Kumar along with senior associate Bharti Joshi.
Private equity / VC
Khaitan & Khaitan advised Cremica Food Industries on Rabo Equity Advisors' Rs 100 crore ($15m) investment in Cremica. Rabo was advised by Cyril Amarchand Mangaldas.
Private equity / VC
Clove Legal advised Indian equipment rental company Rent Alpha on investment in it by Hong Kong based investor Bravia Capital which was advised by Khaitan & Co.
Private equity / VC
Clove Legal advised queue management app Sminq on raising $1m from various venture funds led by Saama Capital and Blume Ventures. Saama was advised by Samvad.
Private equity / VC
Economic Laws Practice advised Edelweiss’ private equity arm Ecap Equities on its investment in BRIDGEi2i Analytics Solutions (BAS) which was advised by Nuvo Juris.
Private equity / VC
Link Legal advised digital healthcare platform 1MG Technologies on raising Rs 100 crore ($15m) from Maverick Capital Ventures which was advised by Shardul Amarchand Mangaldas (SAM) and Jones Day. Existing investors also participating in the round were Sequoia Capital which was advised by Themis Associates, Omidyar Network which was advised by Trilegal, and Dumac.