Deal Closed | Lightbox Ventures | Series A Investment in Komorebi Tech Solutions Private Limited
The details of the deal are as under:
Completion Date: 17-Jul-2020
Name & Contact Details of Client: Lightbox Ventures III
Name of Investor: Lightbox Ventures III | Mauritius
Name and Description of Target: Komorebi Tech Solutions Private Limited | India |
The Target is engaged in the technology service business (through an urban transportation mobile app) that provides premium buses for the daily commute. Deal Description
Khaitan and Co advised Lightbox Ventures in relation to USD 7 million Series A investment into Komorebi Tech Solutions Private Limited through the acquisition of equity and preference shares from certain shareholders of Komorebi Tech Solutions.
Total Consideration: USD 7 Million
Team Members: Vivek Sriram (Partner), Rohit Beerapalli (Associate), Lipi Rawat (Associate) and Bhavya Bhankharia (Associate) Role of Firm The Firm was involved in the following: (i) Conducting legal due diligence on the Target and preparing red flags only legal review report for the Client; (ii) Acting as legal counsel to the Client for the overall transaction (including negotiating, drafting and reviewing of various definitive agreements; and (iii) Assisting with the closing of the various legs of the transactions
Other legal advisors: Veritas Legal & Samvad Partners
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