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
