Private equity / VC

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...

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...

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 ...

JMP acts for Venture Highway in $1.7m investment in events marketplace Myscoot

MyScoot, a platform for meeting new people at home-hosted events, has raised $1.7 million in seed funding from Lightspeed India Partners, Venture Highway and Mayfield India. The Gurgaon-based startup plans to hire its core technology team and expand in the markets it is currently operational in with...

Khaitan, S&R advise on Dutch dev bank on $37m investment in social capital fund Aavishkaar

metadesc: Khaitan & Co advised Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden (FMO) led by partner Siddharth Shah , principal associate Vinita Choudhury , associate Tanvi Arora , and associate Saumya Kakkar with assistance from senior associate Rohit Jayaraman , associate Khusb...

Vertices, ARA help Fitternity Tech raies $4m

Fitness discovery and booking platform Fitternity on Tuesday said that it has raised close to $4 million from consumer centric domestic venture fund Sixth Sense Ventures. — Yourstory Vertices Partners advised Fitternity Technologies Health E-Solution Private Limited led by a team of managing partner...

Link Legal acts for Hindustan Media in $0.56m funding of journalism platform Pebble

Media group Hindustan Media Ventures Limited (HMVL) has invested Rs 4 crore (around $572,392 at current exchange rates) in content venture Aleph Digital Solutions Private Limited, it said in a stock exchange filing on Friday. — VCCircle Aleph runs Pebble, which is a platform where journalists and fr...

JSA, SAM act on $34.8m OFB Tech lending platform fundraise from Norwest, others

OfBusiness, a startup that lends to small and medium enterprises, has raised ₹250 crore led by Norwest Venture Partners with participation from existing investors Falcon Edge and Matrix Partners. Asish Mohapatra, CEO, Of-Business said, “We strongly believe that lending is a commodity or will get com...

Desai Diwanji, Fortitude act on flex-work-realty Qdesq fundraise

JLL Spark, the Silicon Valley-based venture capital arm of real estate consulting firm JLL, has invested an undisclosed amount in one of India’s largest flex-space technology platforms, Qdesq. This marks the property technology (proptech) focused fund’s first India specific investment. — Business St...

AZB acts for Michael & Susan Dell on $1m Workex investment

Acquisition by MSDF of certain equity stake in Workex Solutions and Services Private Limited, as mentioned by Business World . Pursuant to the investment, MSDF’s stake is approximately 7%. AZB & Partners advised Michael & Susan Dell Foundation (MSDF) led by a team of partners Hardeep Sachd...

Rajaram, Link Legal act on $15m Series B for Darwinbox

Darwinbox, a cloud-based end-to-end HR management startup, on Thursday, announced that it had raised $15 million Series B investment led by Sequoia India. The round also saw participation from existing investors Endiya Partners, Lightspeed India Partners, and 3one4 Capital. — Yourstory Rajaram Legal...

IC, Themis act on $1.1m Omnivore, Hatch seed round in Chennai’s Aquaconnect

Aquaconnect … announced that it raised $1.1 million in seed funding led by Omnivore and HATCH. — Yourstory IC Universal Legal Advocates and Solicitors advised Omnivore Partners led by a team of partner Sameena Chatrapathy , senior associate Janani Dinesh , associate Raghavi Raj , company secretary a...

Indus, DSK, CAM, Khaitan act on $14m Generico pharmacies Series B

Generico, which runs a network of offline pharmacies selling generic drugs exclusively, has raised a Series-B round of funding led by venture capital firm Lightbox Ventures, said a senior executive. — Mint INDUSLAW advised WorkCell Solutions Private Limited (“Generico”) led by a team of partner Jinn...

Khaitan acts on $23m fundraise for WoW Momo from Tiger

Wow! Momo Foods, which owns and operates quick-service restaurant (QSR) brands Wow! Momo and Wow! China, has raised $23 million in a Series B funding round led by Tiger Global, one of the most prolific global investors in Indian startups. This is Tiger Global’s first investment in a QSR brand in Ind...

AZB, Khaitan act on $44m fundraise of ASG Hospital

Healthcare chain ASG Eye Hospitals on Wednesday said it has raised Rs 308 crore in a funding round led by Foundation Holdings, for business expansion, including acquisitions. — Business Standard AZB & Partners advised ASG Hospital Private Limited (“ASG”), and its promoters Arun Singhvi and Shas...

JSA, SAM, Trilegal advise eBay on 5.5% stake buy in Paytm Mall for $150m

Ebay has picked up a 5.5% stake in Paytm Mall, as the San Jose-based online marketplace makes another attempt to get a slice of the Indian e-commerce market. Ebay said its global inventory will be available to over 130 million active users on Paytm Mall and Paytm’s app ecosystem as part of the deal....

JSA acts on $19.5m Sri Kauvery Medical investment from LGT Lightstone

Chennai-based Sri Kauvery Medical Care, which runs the Kauvery Hospital chain healthcare centres in Tamil Nadu, has raised Rs 140 crore equity capital from India-focused impact investment platform LGT Lightstone Aspada, said a release. Mid-market investment advisory Veda Corporate Advisors, which ha...

AZB, CAM helps Mitsubishi on $14m investment in Sastasundar Ventures subsidiary Healthbuddy

Sastasundar Ventures jumped 11.87% to Rs 108.85 after Japan’s Mitsubishi Corporation signed an agreement to invest Rs 100 crore in Sastasundar Healthbuddy. — Business Standard AZB & Partners advised Mitsubishi Corporation led by a team of partners Daksh Trivedi and Anant Dang , senior associate...