Corporate
IndusLaw continues Bombay boom, hires Haresh Jagtiani’s Petrushka Dasgupta
IndusLaw has hired Haresh Jagtiani & Associates partner Petrushka A Dasgupta to further grow its Mumbai office.
JSA elects Upendra Nath Sharma as Amitabh Kumar-successor on excom of 5 partners
Following competition partner Amitabh Kumar’s retirement, which we had reported less than two weeks ago, Gurgaon-based partner Upendra Nath Sharma has been elected into the firm’s executive committee (excom), as one of five partners.
S&R, Avigna act on Artis’ $3.2m A round into Crediwatch
Fintech startup Crediwatch has raised $3.2 million in a Series A funding round, led by ARTIS Labs. Abstract Ventures also participated in this round, Crediwatch said, in a statement… Prior to this round, the statement added, Crediwatch raised $1.6 million from Modern India Ltd, the family office of ...
AZB to scoop CAM competition partner Bharat Budholia for Mumbai
Cyril Amarchand Mangaldas competition partner Bharat Budholia, who had resigned in August 2019, is understood to be joining AZB & Partners in Mumbai next month.
AZB acts for SoftBank Vision Fund on upping its Delhivery stake to 25%
Softbank Vision Fund seeks to increase its stake in logistics courier service company Delhivery, according to regulatory filings sourced by data intelligence platform paper.vc. As per the filings, the venture capital firm plans to take the secondary transaction route by purchasing shares from an exi...
JSA, Khaitan act on Sankalp semiconductors $25m acquisition by HCL
HCL Tech Ltd informed the exchanges on October 11, 2019, that it has completed acquisition of Sankalp Semiconductor Pvt. Ltd. HCL had announced the acquisition on Sep 9, 2019. The acquisition of Sankalp Semiconductor has been done for for Rs 180cr. The target co. is an advanced technology design ser...
JMP, NDA act on $14m Chalo.com fundraise from Xiaomi, Shunwei, Venture Highway
Chinese smartphone manufacturer Xiaomi and its investment unit, Shunwei Capital, are close to buying around a 10% stake in chalo.com, a daily commute solutions startup, for about Rs 50 crore, two people with direct knowledge of the matter said. The deal, which is part of Xiaomi’s efforts to increase...
Vertices, Indus, D&D act on $5m pre-Series A in 3RDFlix Visual Effects
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...
Desai Diwanji handles India subsidiary in fundraising for New York signmaker Smartsign
Norwest Venture Partners announced that it has made a strategic investment in SmartSign, the nation’s leading online distributor of signs, labels and tags. SmartSign is headquartered in Brooklyn, New York and is led by Founder and CEO, Blair Brewster. Smartsign LLC has an Indian subsidiary, SmartSig...
Khaitan, PDS act on Grasim JV with Germany’s Maschinenfabrik Reinhausen
metadesc: Khaitan & Co advised Grasim Industries Limited led by a core transaction team of partner Nikhilesh Panchal , principal associate Purti Minawala , associate Shayak Sircar , associate Chintan Aaswhini and associate Mohit Rai with assistance from real estate partner Devendra Deshmukh and...
A(nand) P(rasad) Partners acts on $100m Cars24 fundraise with ex-Themis Algo, JMP, Themis, Indus, Linklaters, etc
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...
Mumbai’s Vertices merges with corp boutique Ray Menon to open in Gurgaon
Mumbai-headquartered Vertices Partners has opened in Gurgaon, headed by partner Shraddha Ray Menon, who had merged her boutique Ray Menon Law into the firm in October.
Sameen Vyas, long-time Luthra stalwart, projects powerhouse, passes away • Humble soul, great mind
Projects and finance lawyer Sameen Vyas, who had been partner at L&L Partners, passed away earlier today after a cardiac arrest.
AZB Delhi lateral corp partner Abhishek Shinde leaves, expected to join other firm
Lartid: 10941 Abhishek Shinde heads out of AZB A ZB & Partners Delhi corporate partner Abhishek Shinde , who had joined from K Law in 2017 , has resigned from the firm and is understood to be in talks with at least one other firm. He declined to comment when contacted. We have also reached out ...
Bharuchas & Mundkurs hit undo on 4-month-old merger, BSP re-branding
Bharucha Singh & Partners has reverted into its pre-April 2019-merger constituents, Bharucha & Partners and Mundkur Law Offices.
IndusLaw hires first CEO: Jayanarayanan NR to join from Link Legal to streamline ‘rapid growth aspirations’
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.
L&L acts for Affirma on management buyout from StanChart
Affirma Capital, the newly formed emerging markets private equity platform, has completed its management buyout (MBO) from Standard Chartered Bank, led by its seven partners and backed by Intermediate Capital Group’s (ICG) strategic equity funds through the acquisition of a majority of the bank’s pr...
Vertices, AZB act on $4.8m Mike + Su Dell investment in Nordic Microfin fund
Svasti Microfinance Pvt. Ltd has raised Rs 34 crore ($4.8 million) from a clutch of investors including Nordic Microfinance Initiative (NMI) and Serum Institute of India CEO Adar Poonawalla, the Mumbai-based lender said on Tuesday. — VCCircle Vertices Partners advised Nordic Microfinance Initiative ...
P&A for Vara, Indus for Wipro on $45m buy (and 7 year ICICI deal)
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...
AZB does Dunzo for $45m Series D
Dunzo, a local delivery marketplace, has raised $45 million in a fresh round of Series D from Lightbox Ventures, Google, 3L Capital, and STIC Investment & STIC Ventures. With this round, its total funding raised to date is $81 million. — Hindu Business Line An Indian startup that is increasingl...