VERTICES PARTNERS represented its client Prayaan Capital as it raised INR 110 Crores (USD 12.1million) in this Series A fundraise led by Peak XV. The capital will be used to build a lending platform, expand its team, and grow its presence across key MSME markets in India. The company plans to focus on loans to micro, small and medium enterprises (MSMEs), a segment that continues to face a large funding shortfall The transaction was led by Partner, Manu Varghese, along with a team that included Senior Associate, Shagun Rathi, and Associates, Srishti Singh and Stuti Jain. Founder and Managing Partner, Vinayak Burman provided strategic inputs. Cyril Amarchand Mangaldas represented Peak XV Media Links: https://www.barandbench.com/dealstreet/vertices-partners-cam-act-on-prayaan-capital-110-crore-series-a-fundraise

VERTICES PARTNERS represented it client Truva (Porch Technologies Private Limited) a PropTech Start-Up as it raised USD 8.6 Mn (INR 78 Crores) in this Series A funding round from Stellaris Venture Partner, Orios Venture Partner and otherangel Investors. The fund was divided into INR 61 Crores raised via equity fundraise and remaining INR 17 Crores through debt from Stride Ventures. The freshly raised funds will be deployed to fuel the startup’s expansion plans, and double down on its tech stack and product.  The transaction was led by Partner, Vikrant Anand, along with a team that included Senior Associate, Shagun Rathi Mittal, Associate Manager, Nishtha Khandelwal and Manan Kapoor, and Associates, Ayushi Narayan and Tushar Patial. Founder and Managing Partner, Vinayak Burman, provided strategic inputs. Anoma Legal represented Stellaris Venture Partners and Orios Venture Partner Media Links: https://www.barandbench.com/dealstreet/vertices-partners-anoma-legal-act-on-truva-series-a-fundraise

VERTICES PARTNERS represented it client Rangarajan Krishnan, as he acquired controlling stake in MSME Non-Banking Finance Company Prayaan Capital Private Limited.  Rangarajan acquired the shares of all the existing shareholders and existing investors Accion Venture Lab LP Accion Africa-Asia Investment Company and Sub-K Impact Solutions Limited as they made a complete exit from the company. He also made part acquisition of shares of both the founders as well. The transaction was led by Partner, Manu Varghese, along with a team that included, Senior Associate, Shagun Rathi, and Associates, Srishti Singh and Stuti Jain. Founder and Managing Partner, Vinayak Burman, provided strategic inputs. Samwad Partners represented Prayaan Capital Private Limited, which included the selling shareholders and the co-founders Accion Venture Lab LP was represented by their In-House Counsel Accion Africa-Asia Investment Company was represented by their In-House Counsel Sub-K Impact Solutions Limited was represented by theirIn-House Counsel Media Link: https://www.barandbench.com/dealstreet/vertices-samvd-act-on-rangarajan-krishnan-acquiring-controlling-stake-in-prayaan-capital