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DSK Legal advised Infifresh Foods Private Limited (“Infifresh”), a company engaged in the business of processing, preservation and supply of fresh sea food and various categories of meat and is operating through its e-commerce platform named “Captain Fresh” on B2B basis to cater to online retail players, modern trade, general trade retailers and hotels and restaurants catering; and its Founder, Mr. Utham Gowda(“Founder”) in relation to their Series B Round from the lead investors (i) Tiger Global; and (ii) Prosus Ventures (Naspers) and existing investors (i) Accel Partners; (ii) Matrix Partners; (ii) Ankur Capital Fund; and (iv) Incubate Japan (“Series B Investors”).
The scope of work of DSK Legal included: (i) advising on overall structure for the transaction; (ii) assisting Infifresh in the due diligence process being conducted by the Series B Investors; (iii) drafting, revising, negotiating and finalising of Transaction Documents executed between Infifresh, its Founder and Series B Investors; and (iv) assisting in completing conditions precedent and closing process of the transaction (including corporate secretarial actions).
This is the fourth successful fund-raising exercise completed by DSK Legal for Infifresh since its incorporation in June 2020.
DSK Legal represented Infifresh & the Founder and team for the above transaction was led by Associate Partner, Mr. Jayesh Kothari; Associate, Ms. Hemanshi Gala and Associate, Mr. Kunal Chopra. Partner, Mr. Hemang Parekh provided crucial inputs on the transaction.
Tiger Global & Naspers Ventures were represented by AZB Partners & Gunderson Legal (Newyork).
Accel India VI (Mauritius) Limited was represented by internal legal team.
Matrix Partners India Investments III, LLC and Matrix Partners India III AIF Trust was represented by Rajaram Legal.
Ankur Capital Fund-II was represented by J Sagar & Associates.
Incubate Japan was represented by Pier Counsel.
Deal Value: USD 40 Million (INR 303 crore)