Manu Varghese has joined VERTICES PARTNERS as a Partner in Corporate Practice and will be a significant part of the operations in the Mumbai and the Bengaluru offices. Source : https://www.barandbench.com/news/corporate/samvd-partner-manu-varghese-joins-vertices-partners-as-a-partner-in-corporate-practice
GreyLabs AI [AHG Technologies Private Limited] has $1.5 million in Seed Series round fundraise from Matrix Partners. VERTICES PARTNERS represented GreyLabs AI in this fundraise. The transaction team consisted of Vani Panicker (Partner), Varun Kaka (Senior Associate) and Sucharita Manjunath (Associate Manager). Vani Panicker Phoenix Legal advised Matrix Partners India Investments IV, LLC, Matrix Partners India Investments IV-A, LLC and Matrix Partners India IV AIF, (collectively “Matrix Partners”) on this transaction. The transaction team consisted of Sumit Sinha (Partner), Ashima Dewan (Partner), Vaibhav Asher (Senior Associate), Sayli Petiwale (Senior Associatee) and Vipluv Mittal (Associate). Source : https://www.barandbench.com/dealstreet/vertices-partners-phoenix-legal-act-on-greylabs-ai-fundraise
Novo Holdings has acquired a minority stake in AGNEXT Technologies as part of the Series B investment round. Khaitan & Co advised Novo Holdings on this transaction. The Firm advised on all aspects of the transaction including structuring, due diligence, transaction documentation and closing. The core team consisted of Kartick Maheshwari (Partner), Aashutosh Sampat (Partner), Nayantara Kutty (Partner), Gunsaheb Singh (Principal Associate), Reshma Abraham (Principal Associate), Vismita Gahlot (Senior Associate) and Yashvi Chaitanya Shah (Associate) with assistance from the following: Data privacy aspects: Supratim Chakraborty (Partner), Sumantra Bose (Counsel) and Himeli Chatterjee (Associate); Employment law aspects: Deepak Kumar (Partner), Archika Dudhwewala (Senior Associate) and Varsha Sankara Raman (Associate); Intellectual property aspects: Adheesh Nargolkar (Partner), Shailendra Bhandare (Partner), Janaksinh Jhala (Counsel), Sourav Dan (Principal Associate) and Kinjal Parikh (Associate); Taxation aspects: Ritu Shaktawat (Partner), Rahul Jain (Director), Bharat Jain (Principal Associate) and Husain Bohra (Senior Associate); Closing assistance: Jahanvi Tuli (Associate) and Unnati Goel (Associate). JSA advised Omnivore and Alpha Wave Incubation, existing investors, on this fundraise. The transaction team consisted of Siddharth Mody (Lead Partner), Rahul Deodhar (Partner) and Prerana Chaudhari (Principal Associate). AgNext Technologies Private Limited is a breakthrough agricultural and food technology company enhancing trust along the food chains by innovating artificial intelligence-based food quality assessment technologies. source : https://www.barandbench.com/dealstreet/khaitan-co-advises-novo-holdings-on-acquisition-of-stake-in-agnext-technologies
Arpwood Partners, a buyout-focused private equity firm, is set to acquire a controlling stake of up to 72.28% in Sitara (Sewa Grih Rin Limited) by way of a primary and secondary investment of approximately ₹700 crore. Anagram Partners acted as the legal advisors to Arpwood. The transaction team was led by Ankit Mishra (Partner) and Aditi Tralshawala (Partner) and comprised Keegan Pavrey (Principal Associate), Reha Metha (Associate), Rajni Tolani (Associate), and Siddhant Sahu (Associate). Ankit Mishra, Aditi Tralshawala VERTICES PARTNERS represented its long-standing clients Alber Nordic and Oikocredit, existing investors of Sitara in the transaction. The transaction team was led by Vikrant Anand (Partner), along with Nishant Singh (Senior Associate), and Yatin Chandna (Associate). Founder & Managing Partner, Vinayak Burman provided strategic inputs. Vinayak Burman, Vikrant Anand Trilegal advised Sewa Grin Rin Limited and Sewa Mutual Benefit Trust with a team lead by Vaibhav Kothari (Partner), Hema Priyadarshini Patnaik (Counsel), Kopal Raje (Senior Associate) and Vidur Prabhakar (Senior Associate). Trilegal also advised certain other existing investors in the transaction with a team led by Rachita Bhat (Partner), Kriti Tuteja (Counsel) and Neethu Roy (Counsel). Sitara provides affordable housing finance to the under-served low-income households, especially their women members, in urban and peri-urban locations. Existing investors including Investors including Abler Nordic, Oikocredit, RNT Associates, HDFC Bank, HDFC Life Insurance, Women’s World Banking Asset Management, and Omidyar Network, will continue to invest in the company. Source : https://www.barandbench.com/dealstreet/anagram-partners-advises-arpwood-on-acquisition-of-controlling-stake-in-sitara
Battery Smart (Upgrid Solutions Private Limited) has raised $45M from a Series B fundraise led by Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. VERTICES PARTNERS represented Battery Smart in this transaction. The transaction team was led by Vikrant Anand (Partner) along with Varun Kaka (Senior Associate), Prerna Bharti (Associate Manager), Yatin Chandra (Associate) and Liji Anna Thomas (Associate). Founder & Managing Partner, Vinayak Burman provided strategic inputs. Vinayak Burman, Vikrant Anand Shardul Amarchand Mangaldas & Co advised LeapFrog with the team lead by Anuj Bhasme (Partner), along with Hardik Thakker (Principal Associate),Rishikesh Desai (Principal Associate), Anish Kapoor (Senior Associate) and Aakash Rao (Associate). Anuj Bhasme Trilegal advised MUFG Bank Limited with a team led by Kabeer Mathur (Partner), Komal Dani (Partner), along with Esha Himadri (Senior Associate), Chinmay Bilgi (Senior Associate), Dhaval Mehta (Associate), Harshit Dhandhia (Associate), Aparna Krishnakumar (Associate) and Akshar Bharadwaj (Associate). Kabeer Mathur, Komal Dani Tiger Global was advised by AZB & Partners with a team led by Gautam Rego (Partner), Karishma Dugar (Senior Associate), Ritum Kumar (Associate), Sukeshi Singh (Associate) and Neha Rajan (Associate), and Gunderson Dettmer, team led by Samuel S. Feldman (Associate) and Jessica S. Hart (Associate). Gautam Rego Burgeon Law advised Orios Venture Partners with a team led by Ankit Bhasin (Partner) along with Aastha Agarwal (Senior Associate), and Saransh Agarwal (Associate). Ankit Bhasin Goodwin Law advised Ecosystem Integrity Fund IV, LP represented by Asmita Mishra (Associate). Source : https://www.barandbench.com/dealstreet/battery-smart-raises-45m-in-a-series-b-fundraise-8-firms-act-on-deal
