Apna Mart (Fleet Labs Technologies Private Limited) has raised ₹214.5 crore ($25 million) from a Series B CCPS fundraise led by Fundamentum Partnership Fund, Peak XV Partners Seed Investment II and Accel, along with the participation of existing investors VERTICES PARTNERS represented its Apna Mart on this fundraise. The transaction team was led by Amit Manubarwala (Senior Partner), and consisted of Vishal Mehta (Partner), Anushree Pathak (Senior Associate), Nisha Dharod (Associate Manager) and Associates Vidhi Shah and Srishti Singh. Founder and Managing Partner Vinayak Burman provided strategic inputs. Amit Manubarwala, Vishal Mehta SAMVĀD: Partners represented lead investor Fundamentum Partnership with a team lead by Junaira Rahman (Partner), and consisting of Gauri Khanna (Partner), Aditi Sachdev (Principal Associate) and Pragya Singh (Associate). The Firm also represented Peak XV Partners with a team lead by Neela Badami (Partner), and consisting of Roshni Menon (Senior Associate) and Mahimna Kandpal (Associate). Bombay Law Chambers represented Alteria Capital Fund III – Scheme A and Alteria Capital Fund III – Shorter Duration Scheme on this transaction. Both VERTICES and SAMVĀD were involved in Apna Mart’s Series A fundraise. The funding comprises ₹176.5 crore ($20.5 million) through the issuance of 6,342 Series B compulsory convertible preference shares at ₹2,78,402 per share, and ₹38 crore ($4.5 million) via 3,800 debentures.. Fundamentum Partnership Fund contributed ₹84 crore, Accel India invested ₹60.88 crore, Peak XV Partners provided ₹17.4 crore, and Sparrow Capital added ₹4 crore. The remaining funds were sourced from 2 AM Ventures, Disruptors Capital, and Alteria Capital This investment values Apna Mart at approximately ₹738 crore ($87 million), reflecting an 81% increase from its previous valuation. Founded by Abhishek Singh and Chetan Garg, Apna Mart offers 15-minute grocery and FMCG deliveries alongside its brick-and-mortar stores, operating in 14 cities including Ranchi, Hazaribagh, and Bilaspur. Apna Mart is a company focused on bringing products to tier-2 and tier-3 cities. They aim to build brands and launch products through a multi-medium approach, emphasizing efficiency and ambition. Their business model combines traditional retail values with innovative delivery methods to improve the quality of life in smaller towns and cities. source : https://www.barandbench.com/dealstreet/vertices-partners-samvd-bombay-law-act-on-apna-mart-2145-crore-series-b-fundraise

VERTICES PARTNERS advised Ladies Who Lead in its $1 million pre-Series A funding round, led by Rainmatter Capital Fund, Nithin Kamath’s impact-focused investment firm, and Raasa Retail Private Limited, the family office of Jayant Davar. The transaction was led by Vishal Mehta (Partner) along with Associates Vidhi Shah and Cashmira Poonacha. Founder and Managing Partner Vinayak Burman provided Strategic inputs. Rainmatter Capital Fund and Raasa Retail Private Limited were represented by their respective internal legal teams. Ladies Who Lead Ladies Who Lead (LWL), a members-only platform co-founded in 2021 by Aabha Bakaya and Aditya Ghosh, has secured funding to expand its services for women professionals and leaders. The platform offers resources, mentorship, and support to women across various sectors, aiming to create a more equitable professional ecosystem. LWL provides access to mentorship, exclusive networking, and professional development opportunities through its Titan and LWL Members clubs. Source : https://www.barandbench.com/dealstreet/vertices-partners-acts-on-ladies-who-lead-1-mn-pre-series-a-fundraise

Navadhan Capital Private Limited has raised ₹111 crore from a Series A fundraise led by NabVentures. The round was co-led by Prime Ventures and also saw participation from LNB Group, and other existing investors: Varanium NexGen Fintech Fund, Gemba Capital, Faad, VC-Grid and Anicut. VERTICES PARTNERS represented lead investors NabVentures Fund 1 and Prime Ventures (Four SB Limited) on this fundraise. The transaction team was led by Amit Manubarwala (Senior Partner), and consisted of Vishal Mehta (Partner), Nisha Dharod (Associate Manager) and Anushka Chaturvedi (Associate). Founder and Managing Partner Vinayak Burman provided strategic inputs The newly acquired funds will be utilized to fuel business growth, enhance the AceN tech platform, expand Navadhan’s footprint, and diversify its loan offerings. Currently, the AceN platform has over ₹700 crore in debt lines from more than 25 banks and NBFCs, enabling API-based integrations for streamlined lending Founded in 2019 by Nitin Agrawal, Amit Ranjan Biswal, Vijay Haswani, and Anirudh Ramakuru, Navadhan operates as a Non-Banking Financial Company (NBFC) licensed by the Reserve Bank of India. The company provides working capital financing to rural micro, small, and medium enterprises (MSMEs) through its proprietary AceN tech platform. This platform facilitates end-to-end services, including customer sourcing, digital onboarding, underwriting, payments, and collections . Source: https://www.barandbench.com/dealstreet/vertices-partners-acts-on-navadhan-capital-111-crore-series-a-fundraise

VERTICES PARTNERS advised agriTech startup DeHaat (Green Agrevolution Private Limited) on acquiring farm advisory platform AgriCentral from Olam Agri through a business transfer agreement. VERTICES PARTNERS represented DeHaat on this acquisition. The transaction team was led by Vinayak Burman (Founder and Managing Partner), Vikrant Anand (Partner), Nishant Singh (Senior Associate), Nishtha Khandelwal (Associate) and Ayushi Narayan (Associate). VERTICES PARTNERS had also advised DeHaat when the company had acquired Freshtrop Fruits. DeHaat DeHaat is an Indian agritech platform that offers a comprehensive suite of agricultural services to farmers. It operates as a business-to-farmer (B2F) platform, providing access to agricultural inputs (seeds, fertilizers, pesticides), advisory services (crop planning, soil testing), financial services (credit and insurance), and market linkages (connecting farmers with buyers). Olam Agri is a global agribusiness company involved in the sourcing, processing, trading, and distribution of agricultural commodities. It operates across a wide range of agricultural value chains, including grains, oilseeds, rice, cotton, and pulses. Olam Agri works with farmers, suppliers, and customers around the world, connecting them to global markets. Source : https://www.barandbench.com/dealstreet/vertices-partners-advises-dehaat-on-acquisition-of-agricentral