Deal Closed I SVF II Darwin (Cayman) Limited (SoftBank) | Series F Investment in Unacademy

Sorting Hat Technologies Private Limited (Unacademy) has raised $150 million in a round of funding led by SoftBank valuing the ed-tech firm at $1.45 billion.

Details of the deal are as under: 

Announcement Date: 02-Sep-2020

Name of Client: SB Investment Advisers (UK) Limited

Investor Name: Softbank

Deal Description: Advised Softbank in relation to series F Investment by Softbank and certain existing investors in Sorting Hat Technologies Private Limited (Unacademy) by way of subscription to primary securities.

Total Consideration: USD 150 million

Team Members: The core team comprised of Bharat Anand (Partner), Nidhi Killawala (Principal Associate) and Bhavna Pattanaik (Senior Associate) with assistance from the following: 

Due Diligence (DD) aspects: 

Corporate DD: Akshay Kumar Sharma (Senior Associate), Shivam Tandon (Senior Associate) and Sushmita Sarin (Senior Associate); 

Intellectual Property DD: Shailendra Bhandare (Partner), Sourav Dan (Senior Associate) and Rhea Ghanshani (Associate); 

Data Privacy DD: Supratim Chakraborty (Partner), Sumantra Bose (Senior Associate) and Sneh Lata (Associate); 

Employment Law DD: Anshul Prakash (Partner) and Abhinav Rastogi (Principal Associate); 

Regulatory inputs: Monika Srivastava (Partner)

Role of Firm: Assisted Softbank in conducting legal due diligence of Sorting Hat Technologies Private Limited, negotiations and finalizing the transaction documents. 

Other legal advisors if any with names of Lead Lawyers: IndusLaw assisted Sorting Hat Technologies Private Limited (Unacademy) on the transaction.