Deal Closed | Freshtohome Pte Ltd | Investment by Ascent Private Equity Trust

The details of the deal are as under:

Sector: Retail 

Announcement Date: 20-Oct-2020 

Completion Date: 20-Oct-2020 

Name of Client:  Freshtohome Pte Ltd 

Freshtohome Foods Private Limited operates an e-commerce marketplace for fresh chemical-free seafood in India. The company also provides poultry products. It serves customers in Bengaluru, Cochin, Trivandrum, and Delhi, India 

Deal Description: Khaitan & Co advised Freshtohome Pte Ltd (operating e-commerce marketplace "Freshtohome" in India through its subsidiary Freshtohome Foods Private Limited) in relation to its series C round of investment by Ascent Private Equity Trust 

Total Consideration: Total funding for Series C – USD 121 Million; Ascent’s investment USD 15 million 

Team Members: Kartick Maheshwari (Partner), Akshay Bhargav (Partner), Tanushree Bhuwalka (Principal Associate), Aman Dwivedi (Senior Associate) and Tanvi Dabir (Associate) 

Role of Firm:  Khaitan & Co advised Freshtohome Pte Ltd (operating e-commerce marketplace "Freshtohome" in India through its subsidiary Freshtohome Foods Private Limited) in relation to its series C round of investment by Ascent Private Equity Trust. 

Other legal advisors if any:  Gunderson Dettmer Singapore, LLP