Shardul Amarchand Mangaldas advises Faaso’s Food Services Private Limited in raising fresh funding from investors

September 25, 2018

Shardul Amarchand Mangaldas & Co (SAM & Co) has advised Faaso’s Food Services Private Limited (“Company”) in raising funding from new investors, including Evolvence and Sistema Asia Fund. A food-tech startup, the Company is engaged in the business of operating and managing quick service restaurants and food delivery services.

As the legal counsel, SAM & Co was involved in the drafting and negotiating the share subscription agreement and the shareholders’ agreement for the transaction. The Venture Capital team at SAM & Co was led by Mr. Siddharth Nair, Partner; and included Ms. Asmita Mishra, Senior Associate.

Other advsiors to the transaction, included J. Sagar Associates, Link Legal, Themis Associates, and other internal counsels.

The total deal value is approximately USD 15,000,000. The deal was signed on July 31, 2018 and closed in August.