DMD Advocates acts for Tata Capital Healthcare Fund II in $20M investment in Harsoria Healthcare

DMD Advocates advised Tata Capital Healthcare Fund II and other financial investors in its USD 20 million investment in Harsoria Healthcare Private Limited. The scope of work encompassed conducting legal due diligence on Harsoria Healthcare Private Limited, as well as drawing up the necessary transaction documentation.

The transaction was led by Vihang Virkar (Lead Partner) along with Monika Deshmukh (Partner), Pooja Shah (Principal Associate), Vanshikha Choraria (Associate), Disha Jain (Associate), and Parizad Irani (Associate).

Read More: https://manufacturing.economictimes.indiatimes.com/amp/news/life-sciences/tata-cap-leads-rs-170-cr-funding-in-harsoria-health/117079692

The firm has worked with the Tata Capital Healthcare Fund on several transactions within the healthcare sector and is pleased to have represented them again on this exciting opportunity.

DMD Advocates represents HBM Healthcare Investment and others in INR 850 crore pre-IPO round in OneSource Specialty Pharma

DMD Advocates advised HBM Healthcare Investments and other associated investors in leading Onesource’s fundraising of approximately INR 850 crores through a pre-listing round. OneSource Specialty Pharma Limited (formerly known as Stelis Biopharma Limited), a contract development and manufacturing organization (CDMO) platform, is an associate of Strides Pharma and its shares are to be listed shortly.

The capital raised will support Onesource’s growth, advance its research and development, and enhance its product offerings, which will strengthen the company’s market position ahead of its IPO.

The transaction was led by Ayesha Rai (Partner) along with Pooja Shah (Principal Associate) and Vanshikha Choraria (Associate). Vihang Virkar (Lead Partner) acted as the engagement partner on this assignment.

DMD Advocates Advises Molbio Diagnostics on a $30 Million Investment in OptraSCAN

DMD Advocates advised Molbio Diagnostics on its $30 million investment for acquiring a majority stake in OptraSCAN Inc., a US-based company specializing in digital pathology solutions.

This acquisition enables Molbio to integrate OptraSCAN’s technology into its portfolio, strengthening its position in the diagnostics market both in India and internationally. For OptraSCAN, the deal provides capital for growth and expansion while aligning its operations with Molbio’s strategic direction. This partnership enhances the capabilities of both companies, drives innovation, and increases their competitive edge in the healthcare and diagnostics sectors.

The transaction was led by Ayesha Rai (Partner) along with Pooja Shah (Principal Associate) and Vanshikha Choraria (Associate). The legal due diligence team consisted of Kajal Tandon (Counsel), Luv Madan (Associate), Parizad Irani (Associate), and Tarush Bhandari (Associate).

Rashi Dhir (Senior Partner & Head of Corporate) and Vihang Virkar (Lead Partner) provided crucial inputs on the transaction.

DMD Advocates worked with Ryan Roberts (Partner) from Roberts Zimmerman PLLC, a Texas-based law firm, for US law-related matters.

DMD Advocates advised India Agri Business Fund II Limited on its Exit from Nature Bio

DMD Advocates advised India Agri Business Fund II Limited on its exit from Nature Bio-Foods Limited (Nature Bio). As part of the transaction, India Agri Business Fund II Limited has sold its entire shareholding in Nature Bio to LT Foods Limited, an Indian listed company. Prior to completion of the transaction, India Agri Business Fund II Limited held approximately 17.5% of the paid-up share capital in Nature Bio.

The transaction document in relation to the sale of equity shares in Nature Bio was executed amongst the parties on September 10, 2024, and the transaction was closed on December 31, 2024.

The transaction was led by Rashi Dhir (Senior Partner & Head of Corporate) and Saiyam Chaturvedi (Partner) along with Divay Rastogi (Counsel), Srishti Pandey (Associate) and Tarush Bhandari (Associate).

DMD Advocates advised India Agri Business Fund II Limited

DMD Advocates advised India Agri Business Fund II Limited in relation to sale of equity shares held by them, aggregating to 38.71% of the paid-up share capital on a fully diluted basis, in Naturell (India) Private Limited to Zydus Wellness Limited, an Indian listed entity. The sale of equity shares was part of complete buy-out wherein Zydus Wellness Limited acquired 100% shares held by existing shareholders in Naturell (India) Private Limited.

The transaction documents in relation to sale of equity shares in Naturell (India) Private Limited were executed amongst the parties on October 30, 2024, and the transaction was closed on November 29, 2024.

The transaction was led by Rashi Dhir (Senior Partner and Head of Corporate) and Saiyam Chaturvedi (Partner) along with Divay Rastogi (Counsel), Srishti Pandey (Associate) and Ela Bharti (Associate).

DMD Advocates Advised Pakka Limited

DMD Advocates advised Pakka Limited on its preferential issue of equity shares and fully convertible warrants, aggregating to INR 244 crore (approximately), to multiple investors, including SBI Magnum Children’s Benefit Fund and SBI Optimal Equity Fund.

Pakka Limited, a public listed company on BSE Limited and National Stock Exchange of India Limited, is involved in the business of manufacturing compostable packaging solutions for food products.

The transaction was led by Rashi Dhir (Senior Partner & Head of Corporate), Saiyam Chaturvedi (Partner), Divay Rastogi (Counsel), and Tarush Bhandari (Associate).

Read More: https://www.business-standard.com/markets/capital-market-news/board-of-pakka-approves-preferential-allotment-of-equity-shares-and-warrants-124101400319_1.html

DMD Advocates is Representing Escorts Kubota Limited in the Proposed Divestment of its Railway Equipment Business Division

DMD Advocates is representing Escorts Kubota Limited (EKL) in the proposed divestment of its Railway Equipment Business Division (RED) to Sona BLW Precision Forgings Limited (Sona Comstar), for a lump sum cash consideration of INR 1,600 Crore (Indian Rupees One Thousand and Six Hundred Crores Only).

RED is one of the railway component suppliers in India for products like brakes, couplers, suspension systems, and friction and rubber products, and few new products in the pipeline, including HVAC systems, electrical control panels, vacuum evacuation systems, and automatic plug doors. This divestment aligns with EKL’s strategic focus on the agricultural and construction equipment sectors. The transaction is subject to approvals and adjustments.

The transaction is being led by Rashi Dhir (Senior Partner & Head of Corporate) along with Saiyam Chaturvedi (Partner), Tarinee Sudan (Partner), Shubhangi Bhatnagar (Principal Associate), Priyanka Hazarika (Senior Associate), Aishwarya Gupta (Senior Associate), Aditi Kumar (Associate), and Shriya Sehgal (Associate). Ela Bharti (Associate) and Jasmine Brar (Associate) assisted the transaction team with the due diligence exercise.

Read More: https://m.economictimes.com/industry/indl-goods/svs/construction/escorts-kubota-to-sell-railway-equipment-biz-to-sona-comstar-for-rs-1600-cr/articleshow/114507600.cms

DMD Advocates Advised Toyo Engineering India

DMD Advocates advised Toyo Engineering India in connection with the establishment of a global capability center through its joint venture with Offshore Frontier Solutions, Singapore (a MODEC group company). Toyo Engineering India is a leading engineering, procurement, and construction (EPC) contractor with nearly five decades of experience across diverse sectors such as oil and gas refineries, petrochemicals, fertilizers, cryogenics, chemicals, food processing, specialty projects, floating production and storage (FPSO), synthetic rubber, green energy, and solar. Through this joint venture, Toyo Engineering India is deepening its regional presence and enhancing its capabilities for continued growth.

The DMD team was led by Vihang Virkar (Partner), Monika Deshmukh (Partner) and Disha Jain (Associate).

Read More: News | Toyo Engineering India Private Limited (toyo-eng.com)

DMD Advocates is Advising Yatra Online Limited on the Proposed Acquisition of Globe All India Services Limited

DMD Advocates is advising Yatra Online Limited, one of India’s leading online travel companies, on the proposed acquisition of a 100% stake in Globe All India Services Limited (Globe Travels), a wholly owned subsidiary of Ramkrishna Forgings Limited, for INR 128 crore (~USD 15.25 million). Through this acquisition, Yatra will gain access to Globe Travels’ portfolio of approximately 360 corporate customers and annual gross bookings of approximately USD 90 million. DMD has been involved in spearheading the legal due diligence, as well as drafting and negotiating the transaction documents.

The transaction is led by Rashi Dhir, Senior Partner & Head of Corporate along with Tarinee Sudan, Partner, Shubhangi Bhatnagar, Principal Associate, and Aditi Kumari, Associate.

Associates Malvika Gupta, Jasmine Brar, Shriya Sehgal, and Sarvagya Shankar assisted the transaction team with the due diligence exercise.

Read More: https://investors.yatra.com/press-releases/press-release-details/2024/Yatra-Doubles-Down-on-Corporate-Travel-with-the-Acquisition-of-Globe-Travels-Solidifying-its-Leadership-Position/default.aspx

DMD Advocates Advised Centre For Sight on its Strategic Collaboration with Laxmi Eye Hospital

DMD Advocates advised Centre For Sight (CFS), a leading network in Ophthalmology nationwide, on its strategic collaboration with Laxmi Eye Hospital, a distinguished eye care provider. This partnership marks a significant milestone in Centre For Sight’s expansion strategy, enhancing its presence in Maharashtra to 9 centres. DMD has been involved in the drafting and negotiation of the transaction documents and closing related matters.

The transaction was led by Senior Partner & Head of Corporate – Rashi Dhir, Partner – Tarinee Sudan, Senior Associate – Priyanka Hazarika, and Associates – Srishti Pandey and Jasmine Brar.

Read More: https://www.livemint.com/companies/news/centre-for-sight-laxmi-eye-hospital-collaboration-healthcare-chain-maharashtra-eyecare-single-specialty-healthcare-11725452862446.html

DMD Advocates Advised WSB Real Estate Debt Fund III Represented by its Investment Manager, WSB Real Estate Partners Private Limited

DMD Advocates advised WSB Real Estate Debt Fund III represented by its Investment Manager (WSB Real Estate Partners Private Limited) (“WSB”) in connection with the issue of senior, unrated, unlisted, secured, redeemable, non-convertible debentures (“NCDs”) aggregating to INR 115 crores by Lavim Developers Private Limited, a wholly owned subsidiary of Paranjape Schemes (Construction) Limited (together “PSCL”).

The DMD team included Partner – Pallavi Puri, Principal Associate – Kajal Tandon, Senior Associate – Aishwarya Gupta and Associate – Arnav Mithal.

DMD Advocates Advised GE India Industrial Private Limited before the NCLT for the Demerger of its Energy Businesses

DMD Advocates advised and successfully represented GE India Industrial Private Limited (“GEIIPL”) before the National Company Law Tribunal, New Delhi Bench (“NCLT”) for the demerger of its energy businesses.

The demerger formed part of a global strategy of General Electric Company, the ultimate parent of GEIIPL, and a company listed on the New York Stock Exchange, to spin off its businesses into three companies focusing on aviation, healthcare, and energy.

The core transaction team consisted of Senior Partner & Head of Corporate – Rashi Dhir, Partners – Pawan Sharma and Pallavi Puri, Principal Associates – Anuj Shah and Rishabh Sharma.

The core transaction team was supported by Associate Partner – Saiyam Chaturvedi, Principal Associates – Divay Rastogi and Pragathi P, Senior Associate – Aishwarya Gupta and Associate – Srishti Pandey.

DMD Advocates Advised Analytic Edge in their Acquisition by C5i

DMD Advocates advised Analytic Edge Pte. Ltd. and Analytic Edge Private Limited (collectively, AE Entities), a premier provider of AI-based marketing analytics solutions, and their promoters in the acquisition of AE Entities by C5i, an AI & analytics company. This strategic integration will enhance C5i’s value proposition and integrated global delivery of GenAI-powered marketing analytics, insights, and optimization solutions.

The transaction was led by Rashi Dhir (Senior Partner and Head of Corporate), along with Tarinee Sudan (Associate Partner), Shubhangi Bhatnagar (Senior Associate), and Malvika Gupta (Associate). Sachit Jolly (Senior Advisor) assisted the transaction team with tax advisory.

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DMD Advocates Advised Chalasani Hospitals Private Limited

DMD Advocates advised Chalasani Hospitals Private Limited and its shareholders, Dr. Vijayalakshmi Chalasani, Dr. Saileesh Chalasani, Dr. Usha Chalasani, and others, in connection with the sale of 100% of their shares in the company to Krishna Institute of Medical Sciences Limited (KIMS). Chalasani Hospitals Private Limited owns and operates the Queen’s NRI Hospital, a 200-bed multi-specialty hospital in Visakhapatnam. The transaction was signed on July 09, 2024, and is yet to be closed.

The DMD team was led by Monika Deshmukh (Partner), Himanshu Garg (Principal Associate), and Disha Jain (Associate).

Read More: https://business-news-today.com/kims-hospitals-expands-in-vizag-with-acquisition-of-queens-nri-hospital/#google_vignette

Congratulations to the shareholders of Chalasani Hospitals Private Limited, Krishna Institute of Medical Sciences Limited, and all parties and advisors involved!

DMD Advocates advising New Delhi Centre for Sight in an Investment Transaction from ChrysCapital

DMD Advocates is advising New Delhi Centre for Sight (CFS), one of India’s leading eye care hospital chain, in an investment transaction from ChrysCapital, a private equity fund, wherein ChrysCapital has agreed to invest up to US$ 100 million by way of a primary infusion in CFS and through secondary acquisition of the entire stake held by the existing investor in CFS, i.e., Mahindra Holdings Limited, a wholly owned subsidiary of Mahindra & Mahindra Limited. DMD Advocates has been involved in drafting and negotiation of the transaction documents, as well as in conducting a vendor legal due diligence of CFS, its subsidiaries and the centres operated by CFS.

The transaction is led by Rashi Dhir (Senior Partner and Head of Corporate) along with Saiyam Chaturvedi (Associate Partner), Kajal Tandon (Principal Associate), Divay Rastogi (Principal Associate), Priyanka Hazarika (Senior Associate), Harshit Kumar (Associate), Arnav Mithal (Associate), and Srishti Pandey (Associate).

Aishwarya Gupta (Senior Associate), Astha Jindal (Associate), Aditi Kumari (Associate), Ayushi Mukherjee (Associate), Ela Bharti (Associate), Jasmine Brar (Associate), and Tarush Bhandari (Junior Associate) assisted the transaction team in the vendor due diligence exercise.

DMD Advocates advised MVIN Carco One Private Limited

DMD Advocates advised MVIN Carco One Private Limited (Moove), a company engaged in the business of deploying and assigning vehicles to local drivers, in relation to the issuance of non-convertible debentures for an amount of $10 million to Stride Ventures Group, a sector agnostic venture debt fund.

The transaction was led by Pallavi Puri, Partner, along with Ayushi Mukherjee, Associate. The team was involved in drafting, negotiation of the transaction documents and closing of the deal.

DMD advised SentinelOne, Inc. on its acquisition of PingSafe Pte. Ltd.

DMD advised SentinelOne, Inc. (SentinelOne), a global leader in AI-powered security, on its acquisition of PingSafe Pte. Ltd., and its Indian subsidiary, PingSafe India Private Limited (collectively, PingSafe) in a cash and stock transaction.

SentinelOne is a cybersecurity platform company delivering autonomous security for endpoints, containers, cloud workloads, and IoT devices. PingSafe, a Peak XV’s Surge backed company, is a cloud security platform that provides protection against vulnerabilities that traditional security solutions may miss.Article Sponsored Find something for everyone in our collection of colourful, https://www.swisswatch.is/ bright and stylish socks. Buy individually or in bundles to add color to your drawer!

DMD’s role in the transaction involved spearheading the due diligence at the India level, and transaction structuring and documentation in relation to the India leg of the transaction. The transaction was led by Partner Pallavi Puri along with the Associates Aishwarya Gupta and Arnav Mithal.

DMD Advocates has advised shareholders of Mullackal Polymers Private Limited

DMD Advocates has advised Ramesh Pillai, Jaya Pillai, and Karthik Pillai, the shareholders of Mullackal Polymers Private Limited, in connection with the sale of their shares in the company to IPACKCHEM Group SAS. Mullackal Polymers Private Limited is inter alia engaged in the business of manufacturing barrier and conventional non-barrier rigid plastic packaging, jerry cans, caps/enclosures, measuring cups, plugs, etc. With this acquisition, Mullackal Polymers Private Limited would become a wholly owned subsidiary of IPACKCHEM Group SAS.

The DMD team was led by Monika Deshmukh, Partner, along with Himanshu Garg, Principal Associate, and Disha Jain, Associate.

Congratulations and thanks to Ramesh Pillai, Jaya Pillai, and Karthik Pillai, as well as all parties and advisors involved!

DMD Advocates advised Biesterfeld Group from Germany

DMD Advocates advised Biesterfeld Group from Germany in connection with the formation of its joint venture, Biesterfeld Hildose Speciality Chemicals Pvt. Ltd., with the promoters of Hildose Pharma Specialities. The Biesterfeld Group is a global distributor for plastics and chemicals with a presence in more than 30 countries worldwide. With this joint venture, Biesterfeld is creating a strategic and long-term foundation for an active presence in India.

The transaction was led by Monika Deshmukh, Partner, along with Himanshu Garg, Principal Associate, and Disha Jain, Associate. The team worked along with EY Law Germany on this transaction. The EY Law team was led by Dr. Jan Phillip Feigen, Dr. Maximilian Menges, Lorenz Carstensen and Liza Wessling.

Congratulations and thanks to Biesterfeld, Hildose and all parties and advisors involved!

DMD Advocates advised Khaba Renewable Energy Private Limited

DMD Advocates advised Khaba Renewable Energy Private Limited, a company engaged in the business of developing ISTS grid-connected solar photovoltaic power project and its shareholder – Enel Green Power India Private Limited, in relation to the sale of 100% shareholding in Khaba Renewable Energy Private Limited to Solairedirect Energy India Private Limited, a global renewable energy company focused on solar power.

The transaction was led by Pallavi Puri, Partner, along with the Associates, Aishwarya Gupta and Arnav Mithal. The team was involved in drafting, negotiation of the transaction documents and closing of the deal.

DMD’s corporate transactional and advisory practice group is headed by Senior Partner, Rashi Dhir.

DMD Advocates acted as legal counsel to Vahanna Tech Edge Acquisition I Corp.

Roadzen Inc., a global insurance technology company, announced the completion of its previously announced business combination with Vahanna Tech Edge Acquisition I Corp., a special purpose acquisition company. DMD Advocates acted as legal counsel to Vahanna Tech Edge Acquisition I Corp. advising on applicable Indian laws.

The transaction for DMD Advocates was led by Rashi Dhir (Senior Partner and Head of Corporate) along with Tarinee Sudan (Associate Partner), Priyanka Hazarika (Senior Associate), Astha Jindal (Associate) and Aditi Kumari (Associate). Saiyam Chaturvedi (Associate Partner), Divay Rastogi (Principal Associate), Sartthak Kapur (Associate), Ela Bharti (Associate) and Rukmini Mukherjee (Associate) assisted the transaction team in the due diligence exercise. Vivek Agarwal (Partner) advised on the competition law aspects of the transaction.

DMD Advocates advised the selling shareholders of Raksha Health Insurance TPA Private Limited (Raksha TPA)

DMD Advocates advised the selling shareholders of Raksha Health Insurance TPA Private Limited (Raksha TPA), a company engaged in the business of delivering third party administration services to health insurance companies in India and Raksha TPA in relation to the closing of sale of 100% of their shareholding in Raksha TPA to Medi Assist Insurance TPA Private Limited.

Rashi Dhir, Senior Partner and Head of Corporate, was responsible for overseeing the deal and providing important strategic advice to the selling shareholders of Raksha TPA. He was assisted by Saiyam Chaturvedi, Associate Partner, along with Associates Harshit Kumer and Ela Bharti.

DMD Advocates advised Matrix Partners, Nexus Venture Partners, and AdvantEdge Technology Fund

DMD Advocates advised Matrix Partners, Nexus Venture Partners, and AdvantEdge Technology Fund with regards to their primary investment in Wootzwork Labs Private Limited (“Wootz.work”). This seed funding round, amounting to USD 3.5 million, witnessed participation from Matrix Partners and Nexus Venture Partners as lead investors, alongside 30 other angel investors, including notable figures such as Amakant Sharma (Livspace), Sanjiv Rangrass (ex-ITC), Vikrampati Singhania (JK Group), and the founders of Zetwerk.

Wootz.work, is a Delhi-based startup that aims to streamline cross-border buying experience for light engineering products through technology and ownership of the process from design to delivery. It is currently working with factories and Original Equipment Manufacturers in the UK across their growth, automation, and MRO phases, driving supply chain innovations and capital expenditure optimization.

The transaction for DMD Advocates was led by Rashi Dhir (Senior Partner and Head of Corporate) along with Pallavi Puri (Partner). Associates Aishwarya Gupta, Harshit Kumar, Rukmini Mukherjee, Arnav Mithal, and Ayushi Mukherjee assisted the team in conducting due diligence and providing support through the closing, post-closing, and ancillary phases.

DMD Advocates advised the selling shareholders of Raksha Health Insurance TPA Private Limited (Raksha TPA)

DMD Advocates advised the selling shareholders of Raksha Health Insurance TPA Private Limited (Raksha TPA), a company engaged in the business of delivering third party administration services to health insurance companies in India and Raksha TPA in relation to the sale of 100% of their shareholding in Raksha TPA to Medi Assist Insurance TPA Private Limited. The transaction is subject to the approval of the insurance regulator, the IRDAI. This is set to be one of the biggest acquisitions in the TPA space.

Rashi Dhir, Senior Partner and Head of Corporate, was responsible for overseeing the deal and was involved in providing important strategic advice to the selling shareholders of Raksha TPA. The transaction was led by Sumit Sinha, Partner, along with Ashima Dewan, Counsel, and Sukanya Bhattacharya, Senior Associate.

Associates Arnav Mithal, Garima Thukral, Aditya Sharma, Aditi Kumari, and Ela Bharti assisted the transaction team with diligence and ancillary support.

The details of the transaction can be accessed at the link below:

https://lnkd.in/d4zxfaiS

DMD Advocates acted as legal counsels to Vahanna Tech Edge Acquisition I Corp

DMD Advocates acted as legal counsels to Vahanna Tech Edge Acquisition I Corp, a special purpose acquisition company listed on Nasdaq, in relation to the proposed merger with Roadzen Inc., a global insurance technology company.

The transaction for DMD Advocates was led by Rashi Dhir (Senior Partner and Head of Corporate) along with Tarinee Sudan (Counsel), Priyanka Hazarika (Associate), Astha Jindal (Associate) and Aditi Kumari (Associate). Saiyam Chaturvedi (Counsel), Divay Rastogi (Principal Associate), Aditya Sharma (Associate), Sartthak Kapur (Associate), Ela Bharti (Associate) and Rukmini Mukherjee (Associate) assisted the transaction team in the due diligence exercise.

Partner Vivek Agarwal and Associate Divyansh Prasad advised on the competition law aspects of the transaction.

For details, click on the following link: https://lnkd.in/d–YgyaK

DMD Advocates represented and advised Prowess Advisors

DMD Advocates represented and advised Prowess Advisors in (a) its foray into the fund management space by acquiring a majority stake in Acorn Fund Consultants Pvt Ltd from Centrum Group and its earlier partner on the platform, and (b) becoming a co-sponsor of Kalpavriksh Fund, a category II venture capital fund. Acorn presently manages Kalpavriksh Fund. An operational early-stage Fund, Kalpavriksh has investments across sectors such as nutraceuticals, green mobility, edtech and consumer business.

The transaction for DMD Advocates was led by Rashi Dhir, Senior Partner, Saiyam Chaturvedi, Counsel, and Divay Rastogi, Principal Associate.

Associates Priyanka Hazarika, Aditya Sharma, Astha Jindal, and Aditi Kumari assisted the team in the due diligence exercise.

DMD Advocates advised Matrix Partners (Chumbak)

DMD Advocates advised Matrix Partners, in relation to its exit from Chumbak Design Private Limited pursuant to its acquisition by G.O.A.T Brands PTE. LTD.

The transaction for DMD Advocates was led by our Partner, Sumit Sinha, along with Counsel, Ashima Dewan and Senior Associate, Sukanya Bhattacharya.

DMD’s corporate transactional and advisory practice group is headed by Senior Partner, Rashi Dhir.

https://lnkd.in/dUWrMyNM

DMD Advocates advised Matrix Partners, Kalaari Capital and Bharat Innovation Fund, investors in Infocredit Services Private Limited

DMD Advocates advised Matrix Partners, Kalaari Capital and Bharat Innovation Fund, investors in Infocredit Services Private Limited (Credit Vidya), a company providing technology and analytical solutions for the purpose of prospecting, credit underwriting, risk management, customer management and delinquency management, customer verification services etc., in relation to its 100% acquisition by Dreamplug Technologies Private Limited (Cred).

The transaction for DMD Advocates was led by our Partner, Sumit Sinha, along with Counsel, Ashima Dewan.

DMD’s corporate transactional and advisory practice group is headed by Senior Partner, Rashi Dhir.

The details can be accessed at the link below:
https://lnkd.in/dGj8PgU4

DMD Advocates advised Exploring Infinities Edtech Private Limited (Bhanzu)

DMD Advocates advised Exploring Infinities Edtech Private Limited (Bhanzu), a global math learning platform founded in 2020 by Neelakantha Bhanu, in raising $15 million in Series A funding led by global investment firm Eight Roads Ventures. B Capital also invested in this round along with Lightspeed (an existing investor in Bhanzu).

The transaction for DMD Advocates was led by our Partner, Sumit Sinha, along with Counsel, Ashima Dewan, Senior Associate, Sukanya Bhattacharya and Associate Arnav Mithal. DMD’s corporate transactional and advisory practice group is headed by Senior Partner, Rashi Dhir.

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The details can be accessed at the link below.
https://lnkd.in/dqvJNd3y

DMD Advocates advised Matrix Partners (Ximkart)

DMD Advocates acted for Matrix Partners in USD 2.4 million seed funding round of Ximkart.

The transaction for DMD Advocates was led by our Partner, Sumit Sinha, along with Counsel, Ashima Dewan, and Senior Associate, Sukanya Bhattacharya. Associates, Aditya Sharma, and Arnav Mithal assisted the team in the due diligence exercise. DMD’s corporate transactional and advisory practice group is headed by Senior Partner, Rashi Dhir.

The details can be accessed at the link below.
https://lnkd.in/ddJbinMA

DMD Advocates advised Matrix Partners (Testbook)

DMD Advocates advised Matrix Partners, an investor in Testbook Edu Solutions Private Limited (Testbook) in relation to sale of its partial stake in Testbook to Bunch Microtechnologies Private Limited (Classplus), a B2B edtech company, and issuance of Series E CCPS to Matrix in Classplus.

The transaction was led by Sumit Sinha, Partner along with Ashima Dewan, Counsel and Arnav Mithal, Associate. DMD’s corporate transactional and advisory practice group is headed by Rashi Dhir, a Senior Partner at the Firm.

The details can be accessed at the link below.
https://lnkd.in/dEiDFfiu

DMD Advocates advised Matrix Partners (Zippmat)

DMD Advocates acted for Matrix Partners in USD 10 million seed funding round of Zippmat (Zippmat Private Limited).

The transaction for DMD Advocates was led by Sumit Sinha, Partner, who was assisted by Ashima Dewan, Counsel, and Sukanya Bhattacharya, Senior Associate. Associates, Aditya Sharma, Arnav Mithal, and Aditi Kumari, assisted the team in the due diligence exercise. DMD’s corporate transactional and advisory practice group is headed by Rashi Dhir, a Senior Partner at the Firm.

Read more at https://lnkd.in/dsJ2BYFN

DMD Advocates advised Matrix Partners (Ziploan)

DMD Advocates advised Matrix Partners, an existing investor of Blue Jay Finlease Private Limited (Ziploan), in relation to strategic partnership entered with Stride One for driving deeper penetration in the MSME credit space.

The transaction from DMD Advocates was led by Sumit Sinha, Partner and Ashima Dewan, Counsel. DMD’s corporate transactional and advisory practice group is headed by Rashi Dhir, a Senior Partner at the Firm.

Read more: https://lnkd.in/d4Yiw2KX

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