AQUILAW Advises OJB Herbals

AQUILAW advised OJB Herbals Private Limited as sellers’/promoters’ transaction counsel in an Equity Investment by First Bridge India Growth Fund in OJB Herbals Private Limited. 

OJB Herbals Private Limited, a company engaged in the business of herbal beauty and personal care products under the brands ‘Oshea Herbals’ and ‘Louis Herbals’ has raised series A investment from First Bridge India Growth Fund. 

Oshea Herbals, founded by Mr. Jitendra Kundalia and Mr. Dilip Kundalia has carved a niche in the herbal BPC market with its innovative approach to combine Herbal and Natural sensibility in modern beauty needs. Since its inception, Oshea Herbals has been dedicated to offering a wide range of skin, hair, and body care products, all formulated with herbal ingredients and adhering to the highest standards of purity and efficacy.

The equity investment transaction involved Series A Compulsorily Convertible Preference Shares (CCPS) with a total deal value of INR 50 crore (Indian Rupees Fifty Crore only). The deal, successfully closed, represented a significant milestone for both OJB Herbals Private Limited and First Bridge India Growth Fund.

The AQUILAW team advising on the matter was led by Sucharita Basu, Managing Partner, and Suhana Islam Murshedd, Partner, along with Subhasree Pani, Principal Associate, and Associates Anwesha S Mukherjee and Milind Anand.