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