Corporate

Rajaram, Khaitan act on $9m Matrix Series A into online lender Avail

Bengaluru-based Goddard Technical Solutions Pvt. Ltd, which operates online lending platform Avail Finance, has raised another $9 million (Rs 62.2 crore) as part of its Series A funding round led by existing investor Matrix Partners India. — VCCircle Rajaram Legal advised Matrix Partners led by a te...

2016 NLSIU grads’ legal tech, e-signing start-up Leegality raises angel funding with Ikigai

Young legal-tech start-up Leegality, set up in 2016 by Shivam Singla, Prakhar Agrawal and Sapan Parekh, has raised funding from the Mumbai Angels Network, Chandigarh Angels and others, looking to “enhance their technology, scale operations, and accelerate growth, according to The Economic Times . As...

ELP promotes 4 into equity ‘custodians’, 8 to associate partner, 26 associates in disputes- & tax-dominated round

Mumbai-headquartered national firm Economic Laws Practice (ELP) has promoted four of its associate partners to equity partner level, and one associate director to director level, increasing the total size of its equity partnership to 11.

NDA, Khaitan act for Investcorp entry into India with IDFC Alternatives buy

Bahrain-based global alternate assets manager Investcorp … announced the start of its operations in India with the acquisition of the private equity (PE) and real estate (RE) investment management businesses of IDFC Alternatives Ltd. — Mint Nishith Desai Associates advised Investcorp led by a team o...

NDA acts on India leg of Temasek investment in UST Global

Singapore state investment firm Temasek has acquired a minority stake in US-based digital and IT services firm UST Global Inc., the latter said in a statement on Wednesday. — VCCircle Nishith Desai Associates advised UST Global led by a team of leader Vaibhav Parikh , senior associate Shreyas Bhusha...

NDA acts on I-AM investment in SMAAASH Entertainment

“I-AM Capital Acquisition Company Announces Closing of Transaction with SMAAASH Entertainment, a fast-growing global virtual reality gaming and sports entertainment company,” according to [ reports . Nishith Desai Associates advised US-based I-AM Acquisition led by a team of leader Harshita Srivasta...

NDA acts on $5.5m Nextgen Series A from Nexus, Omidyar

Goodera had raised Series A funding of $5.5 Mn from Nexus Ventures Partners and Omidyar Network in 2017 — Inc42 Nishith Desai Associates advised Nextgen Project Management Systems Private Limited led by a team of leaders Vaibhav Parikh and Harshita Srivastava , and senior associate Aishwarya H . 201...

NDA acts on India leg of US’ ExlService.com buy of US’ SCIO Health Analytics

EXLService Holdings, Inc, … a leading operations management and analytics company, announces that on July 1 it closed the acquisition of SCIOInspire Holdings, Inc., a West Hartford Connecticut-based leading healthcare analytics solution and services company (doing business as SCIO Health Analytics)....

L&L acts for Fortis Healthcare on $11m sale of 29% in Medical & Surgical Centre

Fortis Healthcare Friday said its subsidiary Fortis Healthcare International will sell its entire stake in Medical and Surgical Centre Ltd (MSCL). — Businesstoday “Fortis Healthcare International Ltd (FHIL), a wholly owned subsidiary of Fortis Healthcare Ltd, which is incorporated in Mauritius, has ...

L&L acts on $11.7m Info Edge buy of Highorbit Careers

Info Edge (India) Ltd, the operator of jobs site Naukri.com and real estate portal 99acres.com, has agreed to acquire the company behind jobs portal iimjobs.com. Mumbai-listed Info Edge said in a stock-exchange filing it will buy Highorbit Careers Pvt. Ltd for Rs 80.82 crore ($11.6 million) in cash....

Link Legal, Crawford Bayley act on government’s $11.6m NPCC disinvestment to Wapcos

Wapcos Limited acquired the National Projects Construction Corporation Limited (“NPCC”), as aprt of the Government of India initiative to raise funds from strategic disinvestment through sale of government’s shareholding in CPSE’s, according to reports . Link Legal India Law Services advised Wapcos ...

Khaitan acts for Bira 91 on $4.3m Series C

B9 Beverages, known for its Bira 91 brand of craft beer alcoholic beverages, has raised $4.3 million in a pre-Series C round, according to documents accessed from data intelligence platform paper.vc. It has raised the money from Sixth Sense Ventures, a domestic venture capital fund focusing on consu...

Trilegal acts on $10m debenture issue to Verlinvest by Future Consumer

Future Consumer Ltd, part of Kishore Biyani-led Future Group, plans to raise around Rs 280 crore through issuance of debentures to Verlinvest SA and the International Finance Corporation (IFC) on a preferential basis. The company has sought shareholders’ nod on the proposal to issue compulsorily con...

HSA, JSA act on US’ ACI significant investment in Mindgate e-payments

ACI Worldwide, a global provider of real-time electronic payment and banking solutions has made an undisclosed investment in Mumbai based Mindgate Solutions. The digital payments firm is a market leader in processing Unified Payment Interface (UPI) transactions, with almost 70% of all UPI transactio...

Atul Dua leaves Advaita to be counsel after conflict conflicts with KPMG

Advaita Legal senior partner Atul Dua will be setting up an independent high court chambers practice, after disagreements between him and Advaita’s best friend consultancy firm KPMG.

JSA acts for Iron Pillar Funds on Sedemac Mechatronics powertrain investment

Iron Pillar Funds has invested in Sedemac Mechatronics Private Limited, which builds innovative powertrain control technologies, with a special focus on controls for small powertrains both for the on-road and off-road markets. Its solutions have been deployed on millions of 2-wheelers and hundreds o...

SAM eats another $16m Faasos follow-up D1 round from existing funds with JMP, Themis

Cloud kitchen platform Rebel Foods, formerly known as Faasos, has raised Rs 110 crore in funding from existing investors Sequoia Capital India, Lightbox Ventures and Evolvence India as part of its Series D1 round, regulatory documents sourced from business intelligence platform paper.vc show. The in...

JMP, Trilegal, JD, PH act for US’ Crestline on $50m software acquisition finance

Jerome Merchant + Partners represented Crestline Direct Finance, as Indian counsel, in connection with a $50m acquisition finance loan facility provided for the acquisition of a multinational software company with operations in India and the US. Jerome Merchant + Partners advised Crestline Direct Fi...

SAM builds into projects with Link Legal projects partner Shashwat Kumar

Shardul Amarchand Mangaldas has hired Link Legal India Law Services projects and project finance partner Shashwat Kumar as a partner in Delhi.

JMP, Trilegal, Jones Day, Paul Hastings act on Cresline $100m acquisition finance deal

Jerome Merchant + Partners represented Crestline Direct Finance, as Indian counsel, in connection with a $100m acquisition finance loan facility provided for the acquisition of a multinational healthcare company with operations in India and the US. Jerome Merchant + Partners advised Crestline Direct...