Deal Closed | Softbank Vision Fund (Softbank) | Series D Investment In Whatfix

The details of the deal are as under:

Sector: Software-as-a-Service (SaaS) – digital adoption solutions 

Announcement Date: 09-Jun-2021 

Completion Date: 09-Jun-2021 

Name of Client: Softbank 

Name and Description of Investor: SoftBank - SB Investment Advisers Private Limited 

through SVF Walrus II (DE) LLC | USA 

Name and Description of Investee: Quicko Technosoft Labs Private Limited (Whatfix) | India 

Deal Description: Series D funding round led by SoftBank Vision Fund 2, with participation from existing investors Eight Roads Ventures, Sequoia Capital India, Dragoneer Investment Group, F-Prime Capital, and Cisco Investments, in Whatfix. 

Total Consideration: USD 90 million 

Team Members: The core team comprised of Bharat Anand (Partner), Nidhi Killawala (Partner) and Pulkit Chaturvedi (Senior Associate) with assistance from Shaima Khan (Senior Associate), Raashi Pathak (Associate), Shashank Chaddha (Associate) and Tanmaya Negi (Associate) on on due diligence aspects of the transaction. 

Role of Firm: Khaitan & Co. advised the lead investor, SoftBank in this round. 

Other legal advisors: SAM & Co. advised the Company