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IndusLaw, JSA, NDA on Vertex Ventures $7.5 million investment in Flutura

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Vertex SEA Fund I Pte. Ltd has invested $7.5 million in Bangalore-based tech startup Flutura Business Solutions Private Limited. This deal marks the largest series A funding in the Internet of Things sector. Lumis Partners and Hive Technolgies Trust Scheme I also invested in the deal, reports TechCircle. Deal Vertex Ventures invests in Flutura Value $7.5 million Sector IT Deal Type PE Law Firms IndusLaw – Vertex Ventures; JSA – Flutura; Nishith Desai Associates – Hive Partners/Heads IndusLaw – Anupam Prasad; J Sagar Associates – Arjun Perikal; Nishith Desai Associates – Karan Kalra IndusLaw advised Vertex on the deal, through a team led by Partner Anupam Prasad, […]

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IndusLaw acts on Coldwell Realty’s acquisition of Favista’s real estate brokerage biz

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Global real estate consultant Coldwell Banker India, master franchise of NYSE-listed Realogy Holdings Corporation, has acquired technology-based property brokerage Favista.com in an all-stock deal. The deal included acquisition of the information technology assets, databases, intellectual property and the employees. Deal Coldwell Realty acquires Favista’s real estate brokerage business Value Undisclosed Sector IT Deal Type M&A Law Firms Indus Law: Coldwell Reality; Favista: In-house team Partners/Heads Indus Law: Nishant Singh Coldwell Realty was advised by Indus Law with a team led by Partner Nishant Singh, Senior Associate Mini Kapoor and Associates Chhavi Jhanji and Priyank Nanavaty. Favista was advised by its in-house team. In […]

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K Law, IndusLaw act on Series B $10 million funding in Agrostar

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AgroStar, an e-commerce marketplace for buying farming goods and resources has raised $10 million in a series B round led by Accel India with participation from existing investors like IDG Ventures and Aavishkaar. Deal AgroStar raises Series B investment from Accel India Value $10 million Deal Type PE Sector Agri-tech Law Firms IDG Ventures & Agrostar – K law; Accel- Indus Law Partners/ Heads K Law – Abhinav Singh; Indus Law – Nitin Gera Agrostar and IDG Ventures were advised by K Law through a team led by Partner Abhinav Singh along with Senior Associate Puneet Parihar and Assoicate Keertan Sreekumar. Accel was […]

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ALMT, DSK, IndusLaw act on $200 million investment by PE Firm True North in KIMS

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Private equity firm True North has invested approximately $200 million in Kerala Institute of Medical Sciences (KIMS), a healthcare group. This investment will be for the stake held by Ascent Capital Advisors India Pvt Ltd and OrbiMed Advisors LLC and as a primary capital infusion to fund the growth plans of KIMS Group. Deal KIMS receives private funding from True North Value $200 million approx. Deal Type PE Sector Healthcare Law Firms KIMS – ALMT Legal; True North- DSK Legal; Ascent Capital and Orbimed Asia Mauritius- Indus Law Partners/Heads ALMT Legal – Dhanya Menon and Arindam Basu; DSK Legal – Satish […]

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IndusLaw acts on setting up Ujjivan’s small finance bank

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Ujjivan Financial Services Limited (UFS), one of the ten entities to receive an in-principle approval to set up small finance bank from the Reserve Bank of India, has become the fifth entity to have commenced business as a small finance bank on February 1, 2017. The setting up required transfer of the existing lending and financing business of UFS, a public listed NBFC-MFI, to its wholly owned subsidiary, Ujjivan Small Finance Bank. Indus Law advised UFS during the process of transfer through a team led by Partners Srinivas Katta, V. Srinivas Raghavan and Avik Biswas along with Associates Namita Vishwanath, […]

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IndusLaw acts on setting up Ujjivan’s small finance bank

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Ujjivan Financial Services Limited (UFS), one of the ten entities to receive an in-principle approval to set up small finance bank from the Reserve Bank of India, has become the fifth entity to have commenced business as a small finance bank on February 1, 2017. The setting up required transfer of the existing lending and financing business of UFS, a public listed NBFC-MFI, to its wholly owned subsidiary, Ujjivan Small Finance Bank. Indus Law advised . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

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#Promotions: IndusLaw makes 2 Partners, 2 Principal Associates & 8 Senior Associates

Former Shardul Amarchand Partner Saurav Kumar joins IndusLaw

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Former Shardul Amarchand Mangaldas Partner Saurav Kumar has joined IndusLaw as a Partner in its Delhi office. Kumar, who was based in Shardul Amarchand's Gurgaon office, had recently left the firm. A graduate of ILS, Pune, Saurav was made Partner in 2013. He was part of the firm's Corporate team. He specializes in mergers and . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a subscriber ? […]

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IndusLaw adds 2 Partners: Karthik BM in Bangalore and Deepak Chowdhury in Hyderabad

IndusLaw moves to bigger office in Delhi

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IndusLaw has moved to a bigger office in Delhi that accommodates about 80 people. The Firm’s new office is located at the 2nd Floor, Block D, The MIRA, Mathura Road, Ishwar Nagar, New Delhi. Commenting on this move, Avimukt Dar in the firm's press release said, "Our move to a larger office with enhanced infrastructure and improved accessibility reflects the team’s steady expansion across multiple practice . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar […]

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Clove Legal, Indus, Rajaram, Trilegal, Goodwin act on Mswipe $31 million fund raise

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Mswipe, which makes credit card swipe machines, has raised USD 31 million (over Rs 200 crore) from UC-RNT Fund — a joint venture between Ratan Tata’s RNT Associates and the University of California. The existing investors Matrix Partners India, Falcon Edge Capital and DSG Consumer Partners also participated in this round. Clove Legal advised Mswipe and the team included Partner  Amit Sirsikar and Associate  Nupur Rustagi. UC RNT was advised by Indus Law Partners Srinivas Katta and Pallavi Kanakagiri and Associate Tanu Banerjee. Goodwin Procter (Hong Kong) advised Falcon Edge Capital and the team included Yash Rana, Ananth Lakshaman and Abhishek Krishnan. Matrix Partners was advised by […]

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AZB, CAM, IndusLaw, K Law act on Kinara Capital’s 96 crore fund raise

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Micro, small and medium enterprise-focussed non-banking financial company Kinara Capital has raised Rs 96 crore ($14.7 million) in a fresh round led by mid-market private equity firm Gaja Capital. New investor, Spanish impact investment firm Gawa Capital, and existing investors, Michael and Susan Dell Foundation, and Unitus Impact Fund, too, participated in the round, reported VCCircle.

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HSA, Indus lead on ReNew Power acquisition of wind power assets of Thapars

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Sumant Sinha-led ReNew Power is making a Rs 1,000-crore acquisition of wind power assets of the KC Thapar Group, helping India’s biggest renewable energy player strengthen its position in the rapidly consolidating sector. ReNew Power will acquire three fully operational plants with a total capacity of 103 megawatts in Andhra Pradesh in one of the biggest deals in renewable energy sector this year, reported

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Trilegal, CAM, IndusLaw lead on Portea Medical’s $26 million fund raise

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Home healthcare service provider Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Trilegal advised Sabre Partners and the team was led by Partner Kunal Chandra along with Akshat Shrivastava, Aditi Jain and Tejas Adiga. Cyril Amarchand Mangaldas acted for MEMG CDC and the team was led by  Partner Akshay Bhat along with Suvojit Halder, Jacob George. IndusLaw acted for Accel and the team included Partner Kartik Ganapathy, Principal Associate Anindya Ghosh, Senior Associate Aakash […]

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IndusLaw, SAM lead on Emami’s acquisition of stake in Helios Lifestyle

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Homegrown FMCG major Emami is acquiring 30% stake in Helios Lifestyle, that owns male grooming brand ‘the Man Company’. IndusLaw acted for Helios Lifestyle and the team was led by Partner Avimukt Dar along with Principal associate Divya Varghese, and Associates Shaima Khan and Suvarna Swain. Shardul Amarchand Mangaldas advised Emami with a team led by Partner Sakshi Mehra, Principal Associate Victor Mukherjee and Associate Dipayan Bhattacherjee, Image taken from here.  

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IndusLaw, Wadia Ghandy lead on Quickr acquisition of HDFC Realty, HDFC Developers

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HDFC has sold its realty brokerage business HDFC Realty and its digital real estate business HDFC Developers, which owns HDFC Red, to online classifieds player Quikr in all-stock transactions worth a total of Rs 357 crore ($56 million). IndusLaw advised Quikr and the team was led by Partner Gaurav Dani along with Principal Associate Anubha Sital, Senior Associate Nitin Gera and Associates Shaima Khan and Aayush Sood.  Wadia Ghandy & Co acted for HDFC . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous […]

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Indus, SAM, Themis, JSA lead on Paytm acquisition of majority stake in Nearbuy and Little merged entity

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Discovery and deals platforms Nearbuy and Little Internet have merged, and financial services platform Paytm has taken a majority stake in this combined entity. The merged entity, is expected to be valued at about $100 million with a fresh capital infusion of $25 million by Paytm, reported ET. IndusLaw acted for both . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar & Bench reports Register Already a […]

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Khaitan, Indus+5 foreign firms act on Wipro’s sale of hosted data centre services biz to Ensono

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IT major Wipro Limited has sold its hosted data centre services business to Ensono, a leading hybrid IT services provider. The deal size is $ 405 million, reported ET. Khaitan & Co acted as Indian legal counsel for Ensono and the team was led by  Partner Rabindra Jhunjhunwala along with Senior Associate Pranay Bagdi and Associates Bidya Mohanty and Kanika Mathew. Partner Sanjay Sanghvi and Associate Jimmy Bhatt advised on direct tax issues while Executive Director Dinesh Agrawal along with Senior Associate Mayank Jain and Associate Varun Mansinghka advised on Indirect tax and Special Economic Zone aspects. Ropes & Gray LLP […]

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Crawford, IndusLaw act on Centrum’s sale of money exchange biz to Ebix for 1,200 crore

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Centrum Group is selling its money exchange business, Centrum Direct, to US-based Ebix Inc for about Rs. 1,200 crore ($184.6 million). Crawford Bayley acted for Centrum and the team was led by Partners Sanjay Asher and Bhumika Batra along with Sachita Shetty, Sanskriti Relekar, Anuja Takle. IndusLaw advised Ebix and the team was led by Partner Saurav Kumar along with Principal Associate Divya Varghese and Associates Devya Sharma and Suvarna Swain. The entire Centrum Direct team and assets will be transferred to Ebix and will become a part of the Atlanta-based company’s financial exchange business EbixCash, reported Mint.here. Image taken […]

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CAM, IC Universal, Indus, Trilegal lead on ChrysCapital acquisition of stake in Varthana

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ChrysCapital Advisors has acquired a significant minority stake in Thirumeni Finance Pvt. Ltd, a Bengaluru-based non-banking financial company (NBFC) that operates under the name Varthana. Varthana has raised Rs. 350 crore through a combination of a primary raise and secondary stake sales by investors lead by ChrysCapital, along with existing investors, reported Mint. Existing investors of Varthana include . . . Facebook Comment To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns and articles One year access to all archival material Access to all Bar […]

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