Shardul Amarchand Mangaldas advises Accel India VII (Mauritius) Limited, Elevation Capital, Matrix Partners India Investments III, LLC and Matrix Partners India III AIF Trust in their participation in the Series A investment round of Dezerv Investments Private Limited

August 19, 2022

Shardul Amarchand Mangaldas & Co. advised Accel India VII (Mauritius) Limited, Elevation Capital, Matrix Partners India Investments III, LLC, and Matrix Partners India III AIF Trust in their primary investment to subscribe to Series A compulsorily convertible preference shares and equity shares of Dezerv Investments Private Limited at a post[1]money valuation of approx. USD 100 million. The Series A round, valued at approx. USD 21 million, closed on 16 August, 2022.

Transaction Team: Led by Aayush Kapoor, Partner; Rahul Chugh, Partner; Harjas Singh, Associate; Paavani Gupta, Associate and Kanika Mittal, Associate.

Due Diligence Teams: The regulatory team was led by Amruta Kelkar, Partner and Akshath Vidyanath, Senior Associate. The corporate team was led by Harjas Singh, Associate; Kanika Mittal, Associate; Kaainat Pundir, Associate; and Aishwarya Srivastava, Associate. The intellectual property team was led by Apoorva Murali, Principal Associate and Luma Abbas, Associate

Rajaram Legal advised Dezerv Investments Private Limited, along with its promoters (Mr. Sandeep Jethwani, Mr. Vaibhav Dungarsingh Porwal, & Mr. Sahil Shabbir Contractor).