VERTICES PARTNERS and Kaizen Law acted on HostBooks Limited’s $2.5 Million fundraise from Oranga Orbit LLP in Series A1 CCPS. VERTICES PARTNERS represented HostBooks on this transaction. The transaction team consisted of Vikrant Anand (Partner), Prerna Bharthi (Senior Associate), Hemant Srivastava (Associate), Ayushi Narayan (Associate) and Liji Anna Thomas (Associates). HostBooks Kaizen Law represented the investor Orange Orbit on this transaction. This investment is a part of the a larger $15 million Series B funding round. Orange Orbit LLP has made a total investment of $5 million , of which the firm released the first tranche of $2.5 million. This funding will support HostBooks in expanding its AI-driven product offerings, strengthening its global reach, and bolstering its sales, marketing, and operations teams. HostBooks is a cloud-based business solutions provider specializing in accounting and compliance software. They offer a comprehensive suite of tools that help businesses manage their finances, including bookkeeping, invoicing, expense tracking, and financial reporting, while also automating crucial compliance tasks like GST filing, TDS returns, e-way bill generation, and payroll processing. By streamlining these processes, HostBooks aims to reduce manual work, improve efficiency, and ensure businesses remain compliant, offering tailored solutions for various industries and business sizes. Source : https://www.barandbench.com/dealstreet/vertices-partners-kaizen-law-act-on-hostbooks-securing-25-million-from-orange-orbit

VERTICES PARTNERS and Tempus Law advised Pennar Industries and Zetwerk Manufacturing Businesses on their joint venture agreement for the manufacturing of solar modules. VERTICES PARTNERS represented Zetwerk, who is holding 50.1% stake in this JV. The transaction team is led by Siddharth Raja (Senior Partner), along with Manu Varghese (Partner), Prerna Bharthi (Senior Associate), Sucharita Manjunath (Senior Associate), Anushka Chaturvedi (Associate) and Nachiket Jonnalagadda (Associate).   Founder and Managing Partner, Vinayak Burman provided strategic inputs. Siddharth Raja, Manu Varghese Tempus Law represented Pennar Industries, who is holding a 45% stake in this JV. The transaction team consisted of Sundari R Pisupati (Founder Partner), Raghav Agarwal (Associate Partner) and Shreshtha Sarkar (Senior Associate). The companies signed an agreement on December 31, 2024, to form a new company focused on manufacturing and selling solar modules. This includes plans to develop and operate a dedicated manufacturing facility catering to both domestic and international markets. Zetwerk will hold a 50.1% stake in the venture, while Pennar will own 45%, and other investors will hold the remaining 4.9%. This strategic partnership combines Pennar’s expertise in engineering and renewable energy solutions with Zetwerk’s manufacturing and distribution capabilities, positioning them to become a significant player in the solar module market. Pennar Industries Limited is a diversified engineering products and solutions company based in India. They specialize in the design, manufacture, and supply of a wide range of engineered products, primarily steel-based, serving various sectors including automotive, railways, infrastructure, power, and general engineering. Zetwerk is a business-to-business (B2B) manufacturing platform that connects manufacturing companies with suppliers of raw materials and components. Source : https://www.barandbench.com/dealstreet/vertices-partners-tempus-law-act-on-pennar-zetwerk-jv

Beyond Appliances (ByondNxt Smart Home Private Limited) has raised $2 million (₹17 crore) in a Series Seed CCPS fundraise, led by Fireside Ventures. VERTICES PARTNERS represented ByondNxt Smart Home on this fundraise. The transaction was led by Vikrant Anand (Partner), along with Varun Kaka (Senior Associate), Nishtha Khandelwal (Associate), Ayushi Narayan (Associate) and Stuti Jain (Associate). Founder and Managing Partner, Vinayak Burman provided strategic inputs. Vinayak Burman, Vikrant Anand Cyril Amarchand Mangaldas represented lead investor Fireside Ventures Investment Fund – III on this transaction. The transaction team consisted of Akshay Bhatt (Partner), Shweta Pandey (Principal Associate) and Abhinav Sankaranarayanan (Associate). Akshay Jeet Bhat Kaizen Law advised VY Dharana EM Technology Fund on this fundraise. Source : https://www.barandbench.com/dealstreet/vertices-partners-cam-kaizen-law-act-on-beyond-appliances-2-mn-fundraise

Finova Capital has raised ₹1,135 crore ($135 million) from investors Avataar Venture Partners, Sofina Ventures SA, Madison India Capital, and Norwest Venture Partners, as well as existing investors. VERTICES PARTNERS represented Finova Capital in this Series E fundraise. The transaction team consisted of Vinayak Burman (Founder and Managing Partner) along with Vikrant Anand (Partner), Varun Kaka (Senior Associate), Anushree Pathak (Senior Associate) and Nisha Dharod (Associate Manager). Finova Cpaital has been a long standing client of Vertices. Vertices represented Finova in its 2019, 2020 and 2022 fundraise. Vinayak Burman, Vikrant Anand, VERTICES PARTNERS Shardul Amarchand Mangaldas & Co represented Avataar Venture Partners II/Kiri Holdings with a team consisting of KS Bhargava (Partner), Manav Nagraj (Partner), Mithila Hari (Principal Associate) and Jai Mittal (Associate). The Firm also represented Norwest Capital, LLC with a team consisted of Manita Doshi (Partner), Paavani Gupta (Senior Associate) and Pratim Majumdar (Associate). KS Bhargava, Manav Nagraj, Manita Doshi Nishith Desai Associates represented Sofina Ventures SA with a team consisting of Nishchal Joshipura, Harshita Srivastava, Khyati Dalal and Palomita Sharma. The Firm also represented Madison India Opportunities V VCC, MIO Strategic V LLC and MICP Trust with a team consisting of Nishchal Joshipura, Harshita Srivastava and Anirudh Arjun. Harshita Srivastava, Nishchal Joshipura Aretha Legal represented existing investors Peak XV Partners Investments V and Peak XV Partners Growth Investments III with a team consisting of Nitin Gera (Founder Partner), Divya Jyoti Mehra (Principal Associate) and Sajal Jain (Associate). Source : https://www.barandbench.com/dealstreet/vertices-sam-nda-aretha-act-on-finova-capital-series-e-fundraise

Basic Home Loan (Basic Enterprises Private Limited) has raised ₹87.5 crore ($10.6 million) in a Series B fundraise led by Bertelsmann India Investments. VERTICES PARTNERS represented Basic Home Loan on this fundraise. The transaction team consisted of Vikrant Anand (Partner), Nishant Singh (Senior Associate), Sucharita Manjunath (Associate Manager) and Hemant Srivastava (Associate). Founder and Managing Partner Vinayak Burman provided strategic inputs Vikrant Anand Khaitan & Co represented lead investor Bertelsmann India Investments on this transaction. The transaction team consisted of Bharat Anand (Partner), Nidhi Killawala (Partner), Ayushi Mishra (Principal Associate), Shatakshi Gupta (Senior Associate) and Gracy Bindra (Associate). Bharat Anand, Nidhi Killawala Source : https://www.barandbench.com/dealstreet/vertices-khaitan-act-on-basic-home-loans-series-b-fundraise