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Private Equity &
Venture Capital

Private equity investments in India are subject to a complex web of regulations. The law on this subject is evolving constantly and structuring of private equity transactions is getting more and more complex and sophisticated by the day. Our lawyers possess extensive knowledge and understanding of the key issues that our clients may face. This enables us to provide our clients with bespoke solutions and creative strategies. We have both the technical as well as practical expertise to meet the requirements of our clients and their business necessities.

We have regularly advised clients on venture capital and private equity investments. We have acted for private equity funds and other alternative investment funds, as well as for the investee companies. We have advised our clients from the stage of initial investment until exit, advising on structuring the transaction, negotiating and drafting definitive documentation, undertaking legal due diligence and offering guidance on a wide range of legal and commercial issues. We have advised on series A, B & C level as well as growth capital. We have also advised for minority stake as well as on control deals.

Apart from advising on various private equity transactions, we also advise on the structuring and setting up of private equity funds and other alternative investment funds in accordance with the rules and regulations issued by the Securities and Exchange Board of India.

We employ a multi-disciplinary approach while advising our clients, offering our expertise across a wide range of disciplines.

Select Experiences

  1. Advised Infra. Market (a construction materials solutions firm) on raising $121 million in fresh funding at a valuation of about Rs. 24,147 crore (nearly $2.8 billion) in pre-IPO funding.
  2. Advised Infinx group and its promoters (an AI-driven healthcare revenue cycle solutions provider) with respect to the primary equity investment by Kohlberg Kravis Roberts (KKR) and Norwest Venture Partners in Infinx.
  3. Advised fintech unicorn, CRED (Dreamplug Technologies Private Limited), on raising USD 140 million in its Series F funding round with a post money valuation of USD 6.4 billion.
  4. Advised TDK Ventures and British International Investments Plc on their Series A investment in Fasal (Wolkus Technologies Private Limited).
  5. Advised Kotak Pre-IPO Opportunities Fund on its investments in Pharmeasy (API Holdings Limited), Dailyhunt (Ver Se Innovation Private Limited), Licious (Delightful Gourmet Private Limited), MPL (M-League Pte Limited); and Swiggy (Bundl Technologies Private Limited) and Flipitnews (Entroq Technologies Limited).
  6. Advised Amazon.com NV Investment Holding LLC in relation to its investment in Acko Technologies (100% holding company of Acko General Insurance).
  7. Advised Jungle Ventures on its investment in Showroom B2B and Sanlayan Technologies Private Limited.
  8. Advised MedGenome, a Bengaluru based genetic diagnostics, research and data company, on its USD 50 million Series D fund raise, led by Novo Holdings.
  9. Advised Krafton Inc. on its OCD investment in Nasadiya Technologies Private Limited (Pratilipi), as a part of its USD 48 million fundraise.
  10. Advised Krafton Inc. on co-leading an investment in Deftouch Interactive Art Pvt. Ltd. to expand its gaming portfolio, develop new games, and hire talent.

Key Partners

Aayush Kumar

Partner

Aayush is a Partner in the Corporate and M&A, Private Equity & Venture...

Abhinav Bhalaik

Partner

Abhinav is a key member of the Private Equity, Mergers & Acquisitions and...

Adity Chaudhury

Partner

Adity is well known for her expertise in corporate and commercial laws and has...

Anantha Krishnan Iyer

Partner

Anantha is a Partner in the Corporate and M&A and Private Equity & Venture...

Anindya Ghosh

Partner

Anindya is distinguished corporate law advisor with over 17 years of experience. He...

Ankit Guha

Partner

Ankit’s practice focuses on private equity & venture capital and corporate...

Arka Majumdar

Partner

Arka’s experience of over a decade in corporate transactions is both rich and...

Armaan Patkar

Partner

Armaan is a Partner in the Firm’s Corporate and M&A, Private Equity &...

Ashwin Krishnan

Partner

Ashwin Krishnan is a seasoned corporate and commercial lawyer with significant...

Jitendra Soni

Partner

Jitendra is a technology and transactions lawyer based in New Delhi. As part of...

Krishnava Dutt

Managing Partner

Krishnava is the Founder and Managing Partner of Argus Partners and sits on the...

Neha Madan

Partner

Neha has over 14 years of experience and she advises various venture capital and...

Pallavi Kanakagiri

Partner

Pallavi has over 15 years’ experience in advising clients on private equity...

Tushar Thimmiah

Partner

Tushar is a part of the Corporate and M&A, Private Equity & Venture Capital...

Vallishree Chandra

Partner

Valli is part of the Private Equity, Mergers & Acquisitions and Venture...

Private Equity & Venture Capital

  1. Advised Infra. Market (a construction materials solutions firm) on raising $121 million in fresh funding at a valuation of about Rs. 24,147 crore (nearly $2.8 billion) in pre-IPO funding.
  2. Advised Infinx group and its promoters (an AI-driven healthcare revenue cycle solutions provider) with respect to the primary equity investment by Kohlberg Kravis Roberts (KKR) and Norwest Venture Partners in Infinx.
  3. Advised fintech unicorn, CRED (Dreamplug Technologies Private Limited), on raising USD 140 million in its Series F funding round with a post money valuation of USD 6.4 billion.
  4. Advised PeopleStrong, and HDFC Bank Limited on the stake sale by Multiples P.E. to Goldman Sachs Alternatives for USD 130 million.
  5. Advised TDK Ventures and British International Investments Plc on their Series A investment in Fasal (Wolkus Technologies Private Limited).
  6. Advised Kotak Pre-IPO Opportunities Fund on its investments in Pharmeasy (API Holdings Limited), Dailyhunt (Ver Se Innovation Private Limited), Licious (Delightful Gourmet Private Limited), MPL (M-League Pte Limited); and Swiggy (Bundl Technologies Private Limited) and Flipitnews (Entroq Technologies Limited).
  7. Advised Amazon.com NV Investment Holding LLC in relation to its investment in Acko Technologies (100% holding company of Acko General Insurance).
  8. Advised Jungle Ventures on its investment in Showroom B2B and Sanlayan Technologies Private Limited.
  9. Advised MedGenome, a Bengaluru based genetic diagnostics, research and data company, on its USD 50 million Series D fund raise, led by Novo Holdings.
  10. Advised Krafton Inc. on its OCD investment in Nasadiya Technologies Private Limited (Pratilipi), as a part of its USD 48 million fundraise.
  11. Advised MedGenome on its USD 47.5 Million Series E Fundraise.
  12. Advised CE-Invests on its USD 50 million Series C investment in Flipspaces.
  13. Advised Krafton Inc. on co-leading an investment in Deftouch Interactive Art Pvt. Ltd. to expand its gaming portfolio, develop new games, and hire talent.
  14. Advised HDFC Limited on its investment in HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3).
  15. Advised HDFC Limited on its agreement to sell 10% of the fully diluted paid-up share capital of its wholly owned subsidiary, HDFC Capital Advisors, to an affiliate of the Abu Dhabi Investment Authority (ADIA) for around Rs. 184 Crores.
  16. Advised V’Ocean Investments, advised by OAKS Asset Management, on the Series B fund raising by Hero Electric Vehicles Private Limited.
  17. Advised OAKS Asset Management and Plutus Wealth Management in the Series B Funding raised by CredAble (a fintech platform that provides working capital financing to corporates across Asia in payable and receivables financing, debt capital markets and SME financing).
  18. Advised Whiteboard Capital on its stake sale in Dezerv to Premji Invest, Elevation Capital, Matrix Partners (aka Z47) and Accel.
  19. Advised electric vehicle charging infrastructure startup, Exponent Energy on raising $26.4 million in a Series B round led by Eight Roads Ventures.
  20. Advised pharmacy start-up, Zeno Health on its $25 million Series C funding round.
  21. Advised Malabar Investments in its Rs. 100 crore investment in boAt (Imagine Marketing Limited), a leading consumer electronics brand, as a part of its Rs. 500 crore Series C fund raise.
  22. Advised Arkam Ventures and Fundamentum Partnership on their Investment in TransBnk.
  23. Advised Jungle Ventures on its US$ 18 million investment in Waterfield Advisors.
  24. Advised Whiteboard Capital Fund on ApnaKlub’s Series A fundraise of USD 16 million.
  25. Advised Together Fund in data privacy start-up, Privado`s, fundraise of $14 million (~Rs. 111 crore) in its Series A round.
  26. Advised SolarSquare Energy Private Limited on its Rs. 100 Crore Series A funding round led by Elevation capital and Lowercarbon.
  27. Advised commercial electric vehicle distribution and financing platform ‘Turno’ on raising USD 13.8 million.
  28. Advised Fitterfly Healthtech Private Limited in its Series A1 round led by Amazon Smbhav and Fireside Ventures. Fitterfly raised USD 12 million in this round.
  29. Advised Together Fund on its investment in Spendflo.
  30. Advised Spendflo Inc. and its promoters on their USD 11 Million Series A fundraise.
  31. Advised Arkam Ventures on its investment in the Series A funding round of Smartstaff.
  32. Advised Attentive.ai, an artificial intelligence-based SaaS (software as a service) startup, on raising USD 5 million from Sequoia’s Surge fund and InfoEdge Ventures.
  33. Advised Whiteboard Capital Fund on ONWO’s seed funding round of USD 1.6 million.
  34. Advised Plutus Wealth Management on the Series B funding raised by Foodlink, a luxury catering company.
  35. Advised Asset Management on the Series A Funding raised by Troo Good (a Millet Paratha venture catering to schools and corporations).
  36. Advised Kotak Investment Advisors Limited on their investment in Strata, a Bengaluru based real estate investment start-up, in their recently concluded Series A fund-raising.
  37. Advised Kotak India Growth Fund II, a venture capital fund registered with SEBI, Kotak India Private Equity Fund, incorporated in Mauritius and Kotak Investment Advisors Limited, on their exit by selling their entire stake in Prolifics Corporation Private Limited (formerly known as Semanticspace Technologies Limited) to Sysquest Private Limited, a company incorporated in Hyderabad.
  38. Advised Alkemi Venture Partners on its investment in Arctern Healthcare Private Limited, which operates under the brand name ‘Meddo’.
  39. Advised Mynvax, a vaccine technology startup on its Series A funding round led by Accel and other investors.
  40. Advised Datasigns Technologies Private Limited in connection with a pre-series A funding from Pravega Ventures Trust, SRI Capital LLC, BEENEXT2 Pte. Limited and Saama Capital IV Limited.
  41. Advised Ecotrail Personal Care Private Limited on their investment into Addvantis Enterprises LLP.
  42. Advised TR Capital II L.P, TR Kariba Secondary 5 and TR Kariba Secondary 6 on their purchase of Flipkart shares from IDG India Ventures I LLC.
  43. Advised Manch Technologies Private Limited, a SaaS-based zero-coding digital transformation platform, on their pre-Series A fund-raising led by Bharat Inclusion Seed Fund and Pentathlon Ventures.
  44. Advised Bharat Innovation Fund and Parampara Early-Stage Opportunities Fund on their primary investment into Entropik Technologies Private Limited.
  45. Advised Wildcraft India Private Limited with respect to Primary Investment by Flipkart’s affiliate (Quickroutes International Private Limited) into Wildcraft India Private Limited.
  46. Advised Chennai based robotics start-up Detect Technologies in their Series A fund raise from SAIF Partners Indian VI Limited, Bharat Innovation Fund. Axilor Investment Trust, and certain existing shareholders.
  47. Advised TheMathCompany and its promoters on its capital raise from venture capitalist, Arihant Patni. TheMathCompany offers data analytics services to enterprises right from advisory, to implementation and even hires and trains talent for customers.
  48. Advised Eyestem Research Private Limited, a Bengaluru based company in connection with its fund-raising from Endiya Partners.