Deal Closed | SVF II Darwin (Cayman) Limited (Softbank) | Follow on Series H Investment In Unacademy
The details of the deal are as follows:
Sector: EdTech, Consumer Internet
Announcement Date :02-Aug-2021
Name & Contact Details of Client: Softbank
Investor Details: SoftBank - SB Investment Advisers Private Limited through SVF II Darwin (Cayman) Limited | Cayman Islands
Investee Details: Sorting Hat Technologies Private Limited | India
Deal Description: Advised SoftBank in relation to its Series H investment by SoftBank in Unacademy by way of subscription to primary securities of Unacademy.
Total Consideration: USD 440 million. SoftBank participated to the extent of USD 135 million
Team Members: The core team consisted of Bharat Anand (Partner), Nidhi Killawala (Partner), Pulkit Chaturvedi (Senior Associate) with assistance from the following:
Advising on tax aspects of the transaction: Indruj Singh Rai (Partner), Sarthak Parnami (Associate)
Role of Firm: Khaitan & Co. advised the existing investor, SoftBank for its follow on investment in this round.
Other legal advisors if any with names of Lead Lawyers: Induslaw advised the Company
