Corporate

L&L acts for Awfis on $30m Series D investment led by ChrysCap

Awfis, a startup that rents coworking space to businesses, raised $30 million in a Series D equity financing round led by homegrown ChrysCapital, a senior executive at the private equity firm said. — Mint L&L Partners advised Awfis Space Solutions Private Limited led by a team of partner Damini...

D&D, Constellation Blu do $12m Series B for Loantap

Pune based digital lending company Loantap has raised $12 million in its series B round of funding led by Avaana Capital. The current round also saw participation from existing investors India Quotient, Shunwei Capital, Kae Capital, and 3One4 Capital.“LoanTap has created a strong technology backbone...

Lex Consult, AZB help $30m Arshiya warehouse sale, leaseback with Ascendas

Arshiya announced that the company had previously informed about the completion of the transaction for the monetisation of 6 warehouses located at the Free Trade and Warehousing Zone, Panvel, near New Mumbai (Arshiya FTWZ) with Ascendas Property Fund (India) (APFI). — Business Standard The deal envi...

Independent-again TMT (re)-opens Mumbai office with partners Sapna Chaurasia in media, Aahna Mehrotra in sports

TMT Law Practice, which had separated from Bharucha Singh Mundkur in March, has laterally hired two salaried partners and opened up in Mumbai.

Manan Lahoty + team of 17 commence CM at Indus, where clients considering IPOs (post complex transition)

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.

JSA excom partner, ex-CCI chair Amitabh Kumar retires

J Sagar Associates (JSA) partner, executive committee member and previous competition law practice co-chair Amitabh Kumar has left the firm after reaching the partnership deed’s retirement age of 65 today.

DSK, L&L act on CK Jaipuria exit from Gamma Pizzakraft / Pizza Hut to Samara

CK Jaipuria Group has exited from Gamma Pizzakraft (Overseas) Private Limited, by selling the owners’ their collective shareholding of 26% of share capital to Sapphire Foods India Private Limited, which is part of Samara Capital. The CK Jaipuria Group comprises of Gamma Pizzakraft (Overseas) Private Limited, Jaipuria Beverages and Food Industries Private Limited, Ganpatie Traders Private Limited, C K Jaipuria and Amar Raj Singh.

Assentio Legal acts for fantasy sports operator Nostragamus on fundraise

Venture capital fund Vereeni Investments has acquired a stake in India-facing fantasy sports operator Nostragamus for a seven-figure sum. Vereeni did not disclose the value of the deal, but did confirm that the purchase will see it take a significant stake in Nostragamus. The operator runs a mobile ...

Spice Route, Gamechanger acts on Uncanny Vision $0.7m fundraise

Spice Route Legal advised one of a kind technology start up, Uncanny Vision, in their fund raising for INR 4.8 crores from an investor club including Karnataka based Rangsons Technologies and Rebright Partners, a Singapore based venture capital fund, according to Spice Route Legal. Spice Route Legal...

JM+P acts for Shuttl on $13.3m Series B with FIVE other law firms

Gurugram-based Super Highway Labs, which runs and owns bus aggregator platform Shuttl, has raised a part of its Series B funding of Rs 41 crore from a clutch of investors led by Proof.VC, according to Shuttl’s filings with the Registrar of Companies (RoC). — Yourstory Jerome Merchant + Partners advi...

Khaitan acts for Reliance Jio Haptik on buy of Mumbai’s Buzzo.ai

Reliance Industries’ subsidiary Haptik said on Tuesday it had acquired Buzzo.ai, a Mumbai-based conversational commerce startup. Haptik is a conversational artificial intelligence firm that was acquired by Reliance Jio, the telecom unit of Reliance Industries, earlier this year. — The Economic Times...

Legasis helps UK’s Invenio biz solutions buy Bangalore’s Proverbium

Invenio Business Solutions, a global provider of business-focused technology solutions and consulting services, has today announced the acquisition of Proverbium, a Bangalore-based logistics consultancy. — Press Release Legasis Partners advised Invenio Business Solutions Private Limited led by a tea...

Link Legal CEO Jayanarayanan NR exits • HR consultant Rajneesh Singh joins as strategy head

Link Legal India Law Services chief executive officer (CEO) Jayanarayanan NR, who had joined the firm in February 2016 from Cyril Amarchand Mangaldas, has left the firm and will relocate to Mumbai.

Clarence Anthony returns from Embassy GC secondment to Trilegal partnership

Embassy Office Parks acting general counsel Clarence Anthony, who had been on secondment to the real estate developer from Trilegal since April, has returned to the law firm in Bangalore with a promotion into its equity partnership, in news that was first reported by Bar & Bench.

Link Legal hires (Lalit) Bhasin & Co’s Sanjay Gupta (DU ‘94) as disputes partner

Link Legal India Law Services (LLILS) has hired Bhasin & Co lawyer Sanjay Gupta as a partner in its Delhi-based dispute resolution practice.

Mahindra buys into Ford India JV, in-house team leads $93m deal • KCo, CAM, Links do DD, Comp • JSA, HogLove for Ford

Ford Motor Co. will cede control of most of its India operations to Mahindra and Mahindra Ltd (M&M), underscoring the US company’s long-drawn struggles to make a bigger dent in the world’s fourth-largest automobile market

DMD poaches SAM’s Vivek Agarwal as partner, 1st competition full-timer

DMD Advocates has hired Shardul Amarchand Mangaldas (SAM) principal associate Vivek Agarwal has joined DMD Advocates as its first full-time competition partner.

HC challenge nixes Luthra ex parte arbitral order in Rs 70 cr claim vs exiting partner Lahoty (but upholds non-solicit) [UPDATE-2]

Manan Lahoty, head of the crack capital markets team that is set to join IndusLaw soon, has won a major victory in the Bombay high court yesterday in a multi-hour hearing against his as-of-now-still employer L&L Partners.

AZB corporate partner Dhruv Singhal ‘returns home where he belongs’: Cyril Shroff

Dhruv Singhal, who had in August left AZB & Partners, after having moved there in 2016 from Cyril Amarchand Mangaldas, has re-joined the latter.

Anoma, AZB, K Law act on $38m Series C into Chennai Uniphore speech recognition (May ‘19)

Chennai-based speech recognition company Uniphore Software Systems has raised $38 million in fresh funding, led by California-based venture capital firm March Capital Partners, at an estimated valuation of around $130 million. The Series-C funding round also saw National Grid Partners, Sistema Asia ...