Themis Associates
Linklegal India Law Services advised Lightspeed, Cyber Agent Asia, and GrowXon their Rs 215 million ($3.2m) investment in online tech solutions provider Oku Tech which was advised by Themis Associates.
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.
Link Legal India Law Services advised Russia based investors Ru-Net on their $20m (Rs 134 crores) investment in app-based restaurant chain Faasos which was advised by BMR Legal.
Khaitan & Co advised B9 Beverages on selling 20 per cent stake to Sequoia Capital which was advised by Themis Associates.
Khaitan Delhi associate partner GT Thomas Phillippe, principal associate Arjun Rajagopal and associate Akshaya Iyer acted for B9.
Themis Bangalore principal associate Ashwani Verma acted for Sequoia.
The Craft beer company B9 raised $6m (Rs 37 crore) in this round which included, in addition to Sequoia, Snapdeal and Zomato as investors for its handcrafted beer brand Bira91, reported Your Story.
Shardul Amarchand Mangaldas (SAM) advised Singapore based hyperlocal delivery startup Grofers Group in the $120m (Rs 800 crore) investment in it by SoftBank Group, Tiger Global, Apoletto Asia and Sequoia Capital in a series D round of investment. The investors were advised by Morrison & Foerster, Cyril Amarchand Mangaldas (CAM), Gunderson Dettmer Stough Villeneuve Franklin & Hachigian and Themis Associates.
SAM Delhi partner Puja Sondhi, senior associate Sumeet Singh and senior associate designate Vasundhara Garg acted for Grofers.
CAM Mumbai partners Ashwath Rau and Shishir Vayttaden and consultant Nirmal Vathani, and Morrison & Foerster of counsel Amit Kataria acted for Softbank.
Themis senior associate Dheeraj Khanna acted as the legal advisor to Sequoia Capital.
Gunderson Dettmer senior partner Steven L Baglio and New York lawyers Salil Gandhi and Suneela Jain acted for Tiger Global.
DST Global’s in house legal team advised Apoletto Asia.
Grofers is now valued at about $400 m (Rs 2,664 crore) reported Economic Times. It was valued to be $33m in February this year. The money will be used to expand the company’s business and to build its supply chain, its CEO Albinder Dhindsa was quoted as saying.
Themis Associates partner Chetan Nagendra, who specialises in corporate and venture capital (VC) work, will join AZB & Partners in Bangalore.
Shardul Amarchand Mangaldas had advised the Grofers Group - a start-up that delivers groceries and other sundry items to homes from nearby shops - on its $36m investment by Tiger Global, Sequoia Capital and Apoletto Asia, which closed this week.
Tiger Global was advised by ARA Law managing partner Rajesh Begur and Gunderson Dettmer New-York based senior partner Steven L Baglio.
Sequoia in-house lawyers Tanmay Amar and Sandeep Kapoor briefed Bangalore-based Themis Associates, led by partner Chetan Nagendra, principal associate Ashwani Verma and senior associate Dheeraj Khanna.
Shardul Amarchand partners Prashant Gupta and Puja Sondhi, with principal associate designate Aayush Kapoor, and senior associates Sumeet Singh and Sushrut Biswal acted for the fast-growing e-commerce start-up.
BMR Legal has opened an office in Bangalore with two partners from Themis Associates and their six-member team of lawyers.
J Sagar Associates (JSA) advised Info Edge on Rs 57 crore, Themis Associates Sequoia on Rs 170.6 crore investments in Zomato.