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IndusLaw

09 October 2018

IndusLaw_ has promoted principal associate and Devi Ahilya Indore 2006 alumnus Aditi Verma Thakur to partner in Bangalore.

03 September 2018

“Wipro has won its largest information technology (IT) outsourcing contract, valued at $1.6bn over 10 years from Alight Solutions, the former benefits administration and human-resources outsourcing business of Aon,” reported Mint.

03 August 2018

Gurgaon-headquartered online travel marketplace, TravelTriangle has raised around Rs 78 crores ($12m) in a Series C round of funding led by Nandan Nilekani and Sanjeev Aggarwal backed growth-capital fund, Fundamentum, along with existing investors SAIF Partners, Bessemer Venture Partners, RB investments and a clutch of angel investors, as reported by The Economic Times and Money Control. The deal marks the first investment by Fundamentum, and with this. partner at Fundamentum, Ashish Kumar will join the TravelTriangle board.

03 August 2018

“Office commute automation platform MoveInSync has raised $8 million (Rs 52 crore) in a Series B round of funding led by homegrown venture capital firm Nexus Venture Partners, a company statement said.”, reported VC Circle. The funding also saw participation from the existing investors Inventus Capital Partners, Saama Capital and Qualcomm Ventures.

04 July 2018

“Online travel agency Cleartrip has acquired Saudi Arabian travel start-up Flyin with the deal size pegged at $60-70m by sources close to the development,” reported Mint.

03 July 2018

Wadia Ghandy homegrown partner Swapnil Khatri has joined IndusLaw as partner in Mumbai in its disputes practice.

24 April 2018

Online payment and e-commerce platform, Paytm has made a strategic investment in the resultant joint entity of hyper local deals discovery platforms Nearbuy and Little Internet by infusing fresh funds of over Rs 162 crores ($25m) and acquiring a majority stake of 51%, reported The Economic Times and Mint. The merged entity expected to be valued over $100m and hold a market share of 88%, is said to have been arranged by Paytm as a strategic move to provide their merchant partners an opportunity to offer deals to acquire new customers and grow their business.

09 April 2018

IndusLaw has promoted 3 to salaried partnership, growing its total partnership to 26.

18 January 2018

Chennai-based NBFC Samunnati Financial Intermediation & Services has raised Rs 150 crores ($23.5m) in a Series-C funding round led by Swiss investment firm responsAbility with participation from existing investors Elevar Equity and Accel Partners, as reported by VCCircle and The Hindu. The investment was done by way of subscription to 100 equity shares and 317,423 compulsory convertible preference shares of Samunnati.

30 November 2017

“Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Avendus Capital provided financial advisory services to the latest funding round in Portea,” reported MediaNama.

27 November 2017

In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).

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