JMP, SAM, Indus act on $25m Series C into Country Delight

Friday, 4 December 2020 By Legally India (default)(default) Private equity / VC

Direct-to-consumer dairy brand Country Delight has raised $25 million in a Series C round led by Elevation Capital (previously SAIF Partners). Existing backers Matrix Partners, Orios Venture Partners and IIFL PE Fund also participated in the funding round.

— The Economic Times

Jerome Merchant + Partners advised IIFL India Private Equity Fund led by a team of partner Sameer Sibal along with associates Rishabh Amber Gupta, Nirav Bakshi and Paralegal Gayathri Kamath.

Shardul Amarchand Mangaldas & Co. advised Beejapuri Dairy Private Limited, operating as Country Delight,led by a team including partner Harsh Kumar and comprised of senior associate Shambhawi Mishra; associate Sanya Bahl and associate Kanika Mittal.

Induslaw Delhi acted for Elevation Capital (previously SAIF Partners), led by partners Manish Gupta, Anubha Sital and senior associate Chitvan Bakshi.

2020-11-01

Deal value: $25 million or approximately INR 163 crores

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Update 7 December 2020:

Comments

Well wisher 4 Dec 2020, 18:06

+9 -1

Nice to see Sameer on these! Have worked against him and a really nice chap to work against. Good going sameer.

Reality Check!! 5 Dec 2020, 05:16

+11 -10

Investment round was led by Saif and transaction was led by SAM and Indus. Sameer and his client had very limited role. Surprised to see the headline and the effort to hog the lime light.

Random 11 Dec 2020, 17:39

+2 -0

Good to know. The earlier comment didn't say lead or run in any case. But God to see you reading Bettendorf the lines when it comes to the article and not when in congress to the comment. Convenience, I must say.

Guest 5 Dec 2020, 15:47

+7 -6

Congratulations Manish !! Keep up the good work.

Ex-JMP 7 Dec 2020, 09:50

+7 -1

Sameer is a wonderful opposing counsel as well as a great mentor. Great years ahead for him and JMP!

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