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Khaitan & Co advised Vector Line Capital on its US$ 75 million investment in Tessolve Semiconductor Private Limited, a leading semiconductor engineering services company.
ECL owns, operates and manages on-campus student accommodation across higher education institutions and own K-12 Assets. As of March 31, 2026, they are present across 15 cities in India and one city in the United Arab Emirates. It is one of the largest institutional platforms in India focused on professionally managed student accommodation as of June 15, 2026. ECL is India’s first educational infrastructure provider to list in the public markets.
CAM advised on all aspects of the Transaction, including the legal due diligence and the transaction documents.
BNF is a technology-led non-banking financial company focused on providing secured credit to MSMEs across underserved and under-penetrated markets in India.
The transaction was led by Aashima Johur, Partner; with support from Medhashree Verma, Senior Associate.
Bengaluru-based Popo Global is a multi-brand restaurant platform operating popular food and beverage brands, including The Pizza Bakery, Paris Panini and Smash Guys. The transaction represents a significant private equity investment in India’s rapidly expanding organised food and quick-service restaurant sector.
As part of the transaction, upGrad acquired 100% of the share capital of Unacademy from its existing shareholders in consideration for the issuance of upGrad securities, deal valued at approximately USD 206 million. The transaction also contemplates the eventual merger of Unacademy into upGrad.
CAM’s role included advising and assisting with the structuring and compliances with applicable legal and regulatory requirements as well as drafting and finalising of documents, disclosures and filings, in relation to the Preferential Issue.
The Firm conducted a comprehensive review of the Company’s legal, regulatory and operational matters and prepared the vendor due diligence report which included an assessment of the key legal risks and considerations relating to the Company and its business.
The Transaction is proposed to be completed in tranches and remains subject to regulatory approvals.
The funding round saw participation from multiple domestic and international investors, including Yamaha Motor Co. Ltd., Toyota Ventures Frontier Fund I, L.P., Al-Futtaim Auto International LLC, Mitsui & Co., Ltd., Marubeni Ventures Inc. and Maniv Mobility II, L.P.
Cyril Amarchand Mangaldas advised Cornerstone Ventures Enterprise Tech Fund II on its investment in Groyyo Private Limited.
Brewbay Innovations Private Limited operates quick service restaurants under the brand name ‘abCoffee’.
CAM acted as legal counsel to TPG in connection with its acquisition of 100% of the share capital of Aseem Infrastructure Finance Limited (AIFL).
FirstClub engages in the business of wholesale trading including sale of goods and merchandise through both online and offline channels.
Sarvam AI is developing a full-stack, sovereign AI platform custom-tailored for Indian languages, data, and governance.
JSA advised Serum Institute of India Private Limited (“Serum”)