Mumbai, Maharashtra, New Delhi, Delhi, India:
Cyril Amarchand Mangaldas suggested Social Worth Technologies Private Limited (Social Worth) and its Founders, on a USD 110 million Series D fundraise from TPG, Norwest Capital and Piramal Capital. Social Worth operates the app “EarlySalary”.
The General Corporate Practice of Cyril Amarchand Mangaldas suggested on the Transaction. The group additionally suggested the present traders within the present spherical. The transaction group was led by Maheshwari Sundaresh, Partner; supported by Jesika Babel, Senior Associate; and Anisha Keshava, Associate.
Avinash Umapathy, Partner; and Adheesh Agarwal, Senior Associate Designate; suggested on regulatory issues.
The transaction was signed on August 18, 2022 and closed in August 2022.
Cyril Amarchand Mangaldas (cam) is India’s main legislation agency with a world status of being trusted advisers to its shoppers. The Firm advises a big and various set of shoppers, together with home and overseas industrial enterprises, monetary establishments, personal fairness and enterprise capital funds, start-ups, authorities and regulatory our bodies. The Firm generalists, specialists and senior ex-regulators expertly information shoppers throughout a spectrum of transactions, sectors and laws. With 1000 legal professionals and 160 Partners, the Firm is the biggest full-service legislation agency in India and workplaces in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and additionally in Singapore.
The Firm just lately obtained “Innovation in Advancing Markets” award on the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award on the IFLR Asia Pacific 2022 awards ceremony. The Firm had gained “India Deal Firm of the Year” on the ALB India Awards and “Firm of the Year” on the IFLR1000 India Awards in 2021.
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Madhumita Paul (Dy. Chief Marketing Officer – Marketing & Communications), Cyril Amarchand Mangaldas, [email protected], +91-9833818006
Rahul Gossain (Head – Marketing Communications, and Delhi Region BD), Cyril Amarchand Mangaldas, [email protected], +91-9873154228