Deal credit given in RBL QIP IndusLaw’s new capital markets team has completed its first deal with deal credit in the prospectus, in the RBL Bank Limited qualified institutional placement ( QIP ), together with Khaitan & Co, Norton Rose Fulbright and L&L Partners. The QIP had raised Rs 2,2...

Video ecommerce app SimSim has raised INR 43.49 Cr ($6 Mn) in a Series A funding round led by investment firms Accel India and China-based Shunwei Capital. Other investors participating in the round, included investment firm Good capital, high net worth individuals (HNI) Sunil Kalra and Samarth Bedi...

Beleaguered ecommerce company ShopClues has found an unlikely home. Once a unicorn, the Gurugram-based startup was struggling to keep afloat due to a fund crunch. It was bought by Singapore’s Qoo10 for approximately $70 million in an all-stock deal in early November. Qoo10, barely known in India, is...

IndusLaw has hired Haresh Jagtiani & Associates partner Petrushka A Dasgupta to further grow its Mumbai office.

Education technology startup 3rdFlix Visual Effects Pvt. Ltd has raised $5 million in a pre-series A investment round led by Exfinity Venture Partners, a top company executive said. — Mint Vertices Partners advised 3RDFlix Visual Effects led by a team of managing partner Vinayak Burman and associate...

Online used car marketplace Cars24 has closed a $100 million (about Rs 714 crore) equity financing round from a clutch of new and existing investors, including Unbound, the London-based investment firm founded by Bharti Airtel scion Shravin Mittal. A second new investor, New York-based investment fi...

Link Legal India Law Services’ former chief executive officer (CEO) Jayanarayanan NR, who had left earlier this month to relocate to Mumbai, has joined IndusLaw as CEO according to authoritative sources.

IT major Wipro Limited … secured a strategic seven-year deal valued at $300 million from ICICI Bank to provide a suite of digital services… Currently, Vara lnfotech provides these services to ICICI Bank. As part of this strategic engagement, Wipro will absorb about 3,800 employees of Vara lnfotech a...

L&L Partners capital markets head Manan Lahoty and a team of 17 other fee-earners have started working at IndusLaw’s offices on Saturday, 5 October, after a contentious exit.

Generico, which runs a network of offline pharmacies selling generic drugs exclusively, has raised a Series-B round of funding led by venture capital firm Lightbox Ventures, said a senior executive. — Mint INDUSLAW advised WorkCell Solutions Private Limited (“Generico”) led by a team of partner Jinn...

Generico, which runs a network of offline pharmacies selling generic drugs exclusively, has raised a Series-B round of funding led by venture capital firm Lightbox Ventures, said a senior executive. — Mint INDUSLAW advised WorkCell Solutions Private Limited (“Generico”) led by a team of partner Jinn...

Digital payments aggregator BharatPe, said … that it has raised $50 million led by US-based fintech fund Ribbit Capital, and hedge fund Steadview Capital. Existing investors - Sequoia Capital, Beenext Capital and Insight Partners also participated in the round. — Mint Update 05 September 2019: Antar...

Fintech firm Cred has raised $120 million (Rs 862 crore) in a new funding round, founder Kunal Shah tweeted… according to filings with the Ministry of Corporate Affairs, Cred has raised Rs 730.02 crore from a clutch of investors in its Series B funding round. Ribbit Capital, a fintech-focused global...

IndusLaw has hired J Sagar Associates (JSA) principal associate Revathy Muralidharan as a corporate transactional partner in Mumbai, as well as opened a new Mumbai litigation office near the high court.

IndusLaw Delhi disputes partner Sandeep Grover has left the firm and started dispute resolution firm Ortis Law Offices with Shardul Amarchand Mangaldas principal associate designate Aditya Nayyar as co-founding partner.

Fintech startup Rupeek has raised $30 million, led by Bertelsmann India Investments, with participation from existing investors Accel and Sequoia India. The funding is expected to be completed in two tranches, and will be used for product development and market expansion. Rupeek disburses gold loans...

Manan Lahoty, the Mumbai-based head of L&L Partners’ capital markets practice, is due to leave the firm and join IndusLaw with a team of four other capital markets partners, we have reliably learned.

Hella Infra Market Ltd. (operating under the brand Infra.Market), a company providing materials and solutions to real estate and construction companies with technology as their focal point, has raised Rs. 25 crore in its seed round of funding from Accel partners. Rajaram Legal advised Infra.Market l...

Bengaluru-based B2B agritech startup Ninjacart on Wednesday raised Rs 250 crore funding led by Accel US, Syngenta Ventures, Jo Hirao, Founder of ZIGExN, Neoplux, HR Capital and Trifecta Capital. Existing investors Accel India, Nandan Nilekani, Mistletoe and Qualcomm Ventures also participated in the...

Sydney-based infrastructure asset management group Macquarie Group Ltd is looking to acquire the solar power assets of Canadian Solar in India, said two people close to the development, requesting anonymity. Macquarie’s decision comes at a time when access to funds for renewable energy is drying up ...