Shardul Amarchand Mangaldas advises Lightrock India and other investors in their subscription of shares of Capfloat Financial Services Private Limited

October 11, 2021

Shardul Amarchand Mangaldas & Co. Lightrock India along with Soros Economic Development Fund; SAIF Partners India IV Limited; Elevation Capital V Limited; Sequoia Capital India Investments IV; Creation Investments CF LLC; Ribbit Capital Mauritius IV; Amazon.com NV Investment Holdings LLC; QED Innovation Labs LLP (investment vehicle of Mr Kunal Shah, CRED) and RUA California Ltd (investment vehicle of David Velez of Nubank) to subscribe to Series F convertible cumulative non-participating preference shares of Capfloat Financial Services Private Limited. The date of closing is expected to occur in the 1st week of October 2021.

The transaction team was led by Manav Nagaraj, Partner; KS Bhargava, Partner; and Smita Rakshale, Senior Associate. The Confirmation / review of Vendor Legal Due Diligence team was led by KS Bhargava, Partner; and Smita Rakshale, Senior Associate. The regulatory and NBFC aspects team was led by Zubin Mehta, Partner; Disha Khandelwal, Associate; and Jasraj Narula, Associate.

Trilegal advised Soros Economic Development Fund. SAIF Partners India IV Limited, Amazon.com NV Investment Holdings LLC and Elevation were represented by its in-house counsel. Indus Law advised Investments CF LLC and Ribbit Capital Mauritius IV. Klaw advised Capfloat Financial Services Private Limited and its promoters.