Legasis Partners
The economic, commercial and industrial scenario today is that which is dependent upon investment or what we may also categorize as fund raising. Investment, which is a driver for growth for a number of industries, may flow into an organization in a number of ways such as private equity funding, angel investments, seed money investments, etc. These investments may vary in nature and in amounts and are regulated as per the applicable laws and regulations.
Emerging food delivery startup, Grab.in, has raised a funding of Rs 9 crores ($1.5m) from SIDBI Venture Capital, the wholly owned subsidiary of SIDBI, as reported by YourStory and MoneyControl. With the current funding, SIDBI will be joining the list of Grab's investors that include Aramex Ventures, Zomato, and Sixth Sense Ventures. The Mumbai-based startup had earlier raised $1 million from Oliphans Capital and independent investor Haresh Chawla in April 2015, while Zomato had invested an undisclosed amount in the startup five months later.
Former Khaitan & Co projects partner Upendra Joshi has joined Legasis Partners as a partner in Mumbai.
“The Pune Municipal Corporation (PMC) today raised Rs 200 crore by selling 10-year bonds, becoming the first civic body to tap money from this route in 14 years. Proceeds from the issue, raised at a coupon of 7.59 per cent and oversubscribed six times, will be used for a Rs 2,300-crore water project,” reported PTI.
Legasis Partners has hired Uday Bopshetty as a litigation partner in Mumbai.
Legasis Partners advised deals and discounts website Nearbuy in raising Rs 15 crore ($2.25m) from non-banking financial company Blacksoil which was advised by IndusLaw.
Legasis Partners associate partner Nishad Nadkarni has joined Khaitan & Co in Mumbai as a partner in its intellectual property (IP) practice.
Nishad Nadkarni will join the Khaitan & Co Mumbai office as an associate partner in its IPR team after resigning from Legasis Partners, reported Bar and Bench.
Nadkarni graduated from Symbiosis Law School in 1999 and has worked at firms such as Singhania & Co, AZB & Partners and DSK Legal before his stint at Legasis Partners.
Legasis Partners advised used vehicles online marketplace CredR’s owner Incredible Technologies in raising $15m from Eight Roads Ventures, which was advised by J Sagar Associates (JSA).
Legasis Pune partner Apurv Sardeshmukh and Mumbai partner Yogesh Chawak acted for the less than one-year-old start-up Incredible, which was founded by IIT alumni and, according to Mint, had raised funds from Growthstory in June.
JSA Delhi partner Manvinder Singh, senior associate Nalin Bawa and associate Sonali Kapoor acted for Eight Roads - formerly known as Fidelity Growth Partners.
The online used vehicles space is crowded with several other players such as Truebil, Zoomo, CarDekho, Carwale and CarTrade in addition to horizontal P2P platforms such as OLX and Quikr, reported VC Circle.
