{"id":281759,"date":"2023-01-16T18:30:11","date_gmt":"2023-01-16T13:00:11","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=281759"},"modified":"2023-01-16T18:16:37","modified_gmt":"2023-01-16T12:46:37","slug":"khaitan-co-advises-apis-partners-in-relation-to-its-proposed-minority-investment-in-whizdm-innovations-private-limited","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2023\/01\/16\/khaitan-co-advises-apis-partners-in-relation-to-its-proposed-minority-investment-in-whizdm-innovations-private-limited\/","title":{"rendered":"Khaitan &#038; Co advises Apis Partners in relation to its proposed minority investment in Whizdm Innovations Private Limited"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"text-align: center; font-weight: bold;\">DEAL DETAILS<\/p>\n<table style=\"border-bottom-style: none; border-left-style: none; border-right-style: none; border-collapse: collapse; border-top-style: none; margin-left: 0.16mm; margin-right: auto; table-layout: auto; width: 198.84mm;\">\n<colgroup>\n<col width=\"751\"\/><\/colgroup>\n<tbody>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"background-color: #d3d3d3; border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 198.84mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm; font-weight: bold;\">Apis Partners | Proposed investment in Whizdm Innovations Private Limited<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table style=\"border-bottom-style: none; border-left-style: none; border-right-style: none; border-collapse: collapse; border-top-style: none; margin-left: 0.16mm; margin-right: auto; table-layout: auto; width: 198.84mm;\">\n<colgroup>\n<col width=\"63\"\/>\n<col width=\"266\"\/>\n<col width=\"423\"\/><\/colgroup>\n<tbody>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"background-color: #d3d3d3; border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center; font-weight: bold;\">NO<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"background-color: #d3d3d3; border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center; font-weight: bold;\">HEADINGS<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"background-color: #d3d3d3; border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm; text-align: center; font-weight: bold;\">DETAILS<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">1.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Sector<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">NBFCs<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">2.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Announcement Date<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">26-Dec-2022<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">3.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Completion Date<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Yet to conclude<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">4.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Name of Client<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Apis Partners<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">5.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Subscriber Details<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Apis Growth II (Mimosa) Pte. Ltd. | Singapore <br \/>Internet Fund III Pte Ltd | Singapore <br \/>Evolvence India Fund IV Ltd | Mauritius <br \/>Crimson Winter Limited | Cayman Islands<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">6.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Deal Description<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Advised Apis Partners in relation to its proposed minority investment in Whizdm Innovations Private Limited (d.b.a MoneyView). MoneyView operates as a digital lending platform and has an NBFC subsidiary. Apis led the Series C investment round with other existing investors, Crimson Winter Limited, Evolvence and Internet Fund III at a valuation of approximately USD 900 million. The core team consisted of Kartick Maheshwari, Ashraya Rao and Kapish Mandhyan, Shreya Dua, Unnita Bhattacharya and Devika Vasandani.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">7.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Total Consideration<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Confidential<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">8.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Team Members<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">The core team was led by Kartick Maheshwari (Partner), Ashraya Rao (Partner) and Kapish Mandhyan (Partner) with Shreya Dua (Principal Associate), Unnita Bhattacharya (Senior Associate), Devika Vasandani (Associate).<\/p>\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">The core team was supported by the following team members who conducted the due diligence led by Shreya Dua (Principal Associate), Bhavya Bhankaria (Senior Associate), Yashvi Shah (Associate), Shivani Devpura (Associate) and Priyal Reddy (Associate).<\/p>\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"text-decoration: underline; text-underline-style: solid; text-underline-mode: continuous;\">Regulatory Aspects<\/span>: Smita Jha (Partner), Nikita Nagori (Senior Associate), Riddhiman Sarkar (Associate) and Vijay Sekar (Associate)<\/p>\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"text-decoration: underline; text-underline-style: solid; text-underline-mode: continuous;\">Intellectual Property Aspects<\/span>: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate), Kinjal Parikh (Associate)<\/p>\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"text-decoration: underline; text-underline-style: solid; text-underline-mode: continuous;\">Data Privacy Aspects<\/span>: of Supratim Chakraborty (Partner), Sumantra Bose (Principal Associate), Tashi Gyanee (Associate) and Shramana Dwibedi (Associate)<\/p>\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\"><span style=\"text-decoration: underline; text-underline-style: solid; text-underline-mode: continuous;\">Employment and Labour laws aspects<\/span>: Anshul Prakash (Partner), Abhimanyu Pal (Principal Associate), Kruthi Murthy (Senior Associate) and Varsha Sankara Raman (Associate)<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">9.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Role of Firm<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Legal counsel for Apis<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">10.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Financial Advisors<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">EY acted as the financial and tax advisors for Apis<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 16.55mm;\">\n<p style=\"text-align: center;\">11.<\/p>\n<p>&nbsp; <\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 70.44mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Other legal advisors if any<\/p>\n<\/td>\n<td valign=\"top\" colspan=\"1\" style=\"border-bottom-width: 0.85pt; border-bottom-style: solid; border-bottom-color: #000000; border-left-width: 0.85pt; border-left-style: solid; border-left-color: #000000; border-right-width: 0.85pt; border-right-style: solid; border-right-color: #000000; border-top-width: 0.85pt; border-top-style: solid; border-top-color: #000000; padding-bottom: 0.69mm; padding-left: 0.69mm; padding-right: 0.69mm; padding-top: 0.69mm; vertical-align: top; width: 111.86mm;\">\n<p style=\"line-height: normal; margin-bottom: 0.0mm;\">Trilegal advised Whizdm Innovations Private Limited<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DEAL DETAILS Apis Partners | Proposed investment in Whizdm Innovations Private Limited NO HEADINGS DETAILS 1. &nbsp; Sector NBFCs 2. &nbsp; Announcement <\/p>\n","protected":false},"author":8808,"featured_media":281760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[54503,5821,49835,37092],"class_list":["post-281759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-apis-partners","tag-khaitan-and-co","tag-law-firm-news","tag-nbfcs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - 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2023","format":false,"excerpt":"DEAL DETAILS Investcorp India Asset Managers Private Limited | Series A investment in Girnar Insurance Brokers Private Limited NO HEADINGS DETAILS 1. Sector Insurance 2. Announcement Date 14-Feb-2023 3. Name of Client Investcorp India Asset Managers Private Limited 4. Investor Details Investcorp Private Equity Fund II | India 5. Target\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-69.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-69.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-69.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-69.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":297534,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/07\/24\/khaitan-co-advises-onionlife-private-limited-on-its-raising-of-rs-44-crore-in-pre-series-a-funding-round\/","url_meta":{"origin":281759,"position":2},"title":"Khaitan &amp; Co advises OnionLife Private Limited on its raising of Rs 44 crore in Pre-series A funding round","author":"Bhumika Indulia","date":"July 24, 2023","format":false,"excerpt":"DEAL DETAILS OnionLife Private Limited (Dba Karmalife) | Pre-series A funding round Khaitan & Co advised OnionLife Private Limited (Dba Karmalife) and the founders on its raising of INR 44 crore in an extension to its pre-Series A funding round led by Krishna Bhupal\u2019s family office and existing investor, Artha\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"onionlife private limited","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/onionlife-private-limited.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/onionlife-private-limited.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/onionlife-private-limited.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/07\/onionlife-private-limited.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":265143,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/07\/khaitan-co-advised-bandhan-financial-holdings-ltd-in-its-proposed-acquisition-of-a-controlling-stake-in-idfc-asset-management-idfc-amc-trustee-for-inr-4500-crore\/","url_meta":{"origin":281759,"position":3},"title":"Khaitan &#038; Co advised Bandhan Financial Holdings Ltd in its proposed acquisition of a controlling stake in IDFC Asset Management &#038; IDFC AMC Trustee for INR 4500 crore","author":"Bhumika Indulia","date":"April 7, 2022","format":false,"excerpt":"Khaitan & Co advised a consortium led by Bandhan Financial Holdings Limited (i.e., Bandhan Bank\u2019s promoter NOFHC) in its proposed acquisition of a controlling stake in IDFC Asset Management Company Limited and IDFC AMC Trustee Company Limited. \u00a0 The consortium comprised BFHL, GIC and ChrysCapital and the deal value is\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-157.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-157.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-157.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-157.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/04\/MicrosoftTeams-image-157.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":274081,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/09\/20\/khaitan-co-represents-epack-durable-private-limited-in-raising-funds-through-primary-investment-from-affirma-capital\/","url_meta":{"origin":281759,"position":4},"title":"Khaitan &#038; Co. represents Epack Durable Private Limited in raising funds through primary investment from Affirma Capital","author":"Bhumika Indulia","date":"September 20, 2022","format":false,"excerpt":"\u00a0 \u00a0 DEAL DETAILS Epack Durable Private Limited | Investment by Affirma Capital NO HEADINGS DETAILS 1. \u00a0 Sector Electrical \/ Electronic Manufacturing 2. \u00a0 Announcement Date 13 September 2022 3. \u00a0 Completion Date 7 September 2022 4. \u00a0 Name of Client Epack Durable Private Limited 5. \u00a0 Issuer Details\u2026","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co.-represents-Epack-Durable-Private-Limited-in-raising-funds-through-primary-investment-from-Affirma-Capital-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co.-represents-Epack-Durable-Private-Limited-in-raising-funds-through-primary-investment-from-Affirma-Capital-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co.-represents-Epack-Durable-Private-Limited-in-raising-funds-through-primary-investment-from-Affirma-Capital-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co.-represents-Epack-Durable-Private-Limited-in-raising-funds-through-primary-investment-from-Affirma-Capital-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/09\/Khaitan-Co.-represents-Epack-Durable-Private-Limited-in-raising-funds-through-primary-investment-from-Affirma-Capital-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":263207,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/05\/khaitan-co-advises-and-assists-crestview-partners-in-successful-acquisition-of-classic-design\/","url_meta":{"origin":281759,"position":5},"title":"Khaitan &#038; Co advises and assists Crestview Partners in successful acquisition of Classic Design","author":"Bhumika Indulia","date":"March 5, 2022","format":false,"excerpt":"Khaitan & Co acted as the Indian counsel for Crestview Partners in acquisition of Classic Design. \u00a0 Crestview Partners | Majority investment in MBA Tech, Inc. NO HEADINGS \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DETAILS 1. Sector IT \/ ITES 2. Signing Date 10 Feb 2022 3. Completion Date 28 Feb 2022 4. 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