DEAL DETAILS
|
Aditya Birla New Age Private Limited | Overseas investment involving ODI-FDI structure |
|
NO |
HEADINGS |
DETAILS |
|
1.
|
Sector |
Financial Services; Private Equity, Venture Capital |
|
2.
|
Announcement Date |
30-Aug-2022 |
|
3.
|
Completion Date |
09-Sep-2022 |
|
4.
|
Name of Client |
Aditya Birla New Age Private Limited |
|
5.
|
Investor Details |
Aditya Birla New Age Ventures Private Limited | India |
|
6.
|
Investee Details |
Orbi Health Inc | USA Orbi Health Private Limited | India |
|
7.
|
Deal Description |
Series A fund raise by Orbi Health (developers of the healthtech start up Eka Care). |
|
8.
|
Total Consideration |
Confidential |
|
9.
|
Team Members |
The core team consisted of Moin Ladha (Partner), Kevin Shah (Principal Associate) and Sushmita Som (Associate) with assistance on regulatory aspects from Charu Singh (Associate) and Tanish Prabhakar (Associate) |
|
10 . |
Role of Firm |
Advised Aditya Birla New Age Ventures in relation to its Series A investment in Orbi Health Private Limited dba eka.care. |
|
11.
|
Unique Feature of Transaction |
N/A |
|
12.
|
Innovative Feature of the transaction |
N/A |
