Khaitan & Co acts as transaction counsels to Wow Momo Foods Private Limited in relation to their Series D round of funding by way of issuance of equity shares and CCPS

   

DEAL DETAILS

Wow Momo Foods Pvt Ltd | Series D round of funding from Oaks Consumer Fund-I and V’Ocean Investments Ltd

NO

HEADINGS

DETAILS

1.

 

Sector

Food and Beverages

2.

 

Announcement Date

05-Sep-2022

3.

 

Completion Date

13-Sep-2022

4.

 

Name of Client

Wow Momo Foods Pvt Ltd

5.

 

Issuer Details

Wow Momo Foods Pvt Ltd | India

6.

 

Subscriber Details

Oaks Consumer Fund-I | India
V’Ocean Investments Limited | Mauritius

7.

 

Deal Description

Advised Wow Momo Foods Private Limited in relation to their INR 125 crore Series D round of funding from Oaks Consumer Fund-I and V’Ocean Investments Ltd, by way of issuance of equity shares and compulsorily convertible preference shares.

8.

 

Total Consideration

INR 125 crore (USD 16 million)

9.

 

Team Members

The core team consisted of Arindam Sarkar (Partner), Prithwijit Gangopadhyay (Partner), Sruti Baid (Senior Associate), Anwesha Sinha (Associate), Karishma Sethia (Associate), Ribhu Mukherjee (Associate) with assistance from the following:

 

Assisted with intellectual property related vendor due diligence: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate)

10.

 

Role of Firm

We acted as transaction counsels to Wow Momo Foods Private Limited in relation to their Series D round of funding by way of issuance of equity shares and CCPS. The core team was involved in carrying out a vendor due diligence for the Client as well as drafting and negotiating multiple transaction documents.

11.

 

Other legal advisors if any with names of Lead Lawyers

JSA

12.  

Press Coverage

https://economictimes.indiatimes.com/tech/funding/wow-momo-foods-raises-rs-125-crore-in-funding-from-oaks-asset-management/articleshow/94067997.cms?from=mdr https://entrackr.com/2022/09/exclusive-wow-momo-kicks-off-series-d-round-with-16-mn/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-wow-momo-kicks-off-series-d-round-with-16-mn

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