DSK Legal advised Manash Lifestyle Private Limited (“Company”), a company engaged in the business of owning and operating the online marketplace ‘www.purplle.com’ and providing platform services for the sale and purchase of branded products in the beauty and personal care category; and (ii) the promoters of the Company, i.e. Mr. Rahul Dash, Mr. Manish Taneja and Mr. Suyash Katyayani (collectively referred to as the “Promoters”) in relation to the primary investment of approx. USD 140,000,000 (US Dollars One Hundred and Forty Million only) by PI Opportunities Fund I – Scheme II (“Premji Invest”), Kedaara Capital Fund III LLP (“Kedaara”), and existing investors SCI Growth Investments III (“Sequoia”) and Blume Ventures Trust Fund 1X (“Blume”) in the Company (collectively the “Series D Investors”).
Goldman Sachs Asia Strategic Pte Ltd (“Goldman Sachs”), Verlinvest SA, JSW Ventures and IvyCap Ventures Trust Fund are, inter alia, the existing investors of the Company (“Existing Investors”).
The team representing DSK Legal comprised of Mr. Hemang Parekh, Partner; Mr. Shahin Umani, Principal Associate; and Ms. Saumya Malviya, Associate.
Trilegal acted as the legal counsels for Premji Invest, Cyril Amarchand Mangaldas acted as the legal counsels for Kedaara, AZB & Partners acted as the legal counsels for Sequoia, Constellation Blu acted as the advisors for Blume and Veritas Legal acted as the legal counsels for Goldman Sachs.