Khaitan & Co. advised Lightspeed India Partners III, LLC (“Lightspeed”) and Matrix Partners India Investments IV, LLC; Matrix Partners India Investments IV-A LLC and Matrix Partners India IV AIF (collectively referred to as “Matrix”) in relation to follow on investment by Lightspeed and Z47 (formerly known as Matrix) (as existing shareholders of Stable) along with the lead investor, RTP Capital Limited in Stable-Alpha Technologies Private Limited (“Stable”) for approximately USD 14.7 million (INR 123 crores).
The core transaction team comprised of Nidhi Killawala (Partner), Srikant C V (Partner), Ayushi Mishra (Principal Associate) and Gracy Bindra (Associate) with assistance from Ishaan Chopra (Associate) on the regulatory aspects of the transaction.
The Firm assisted Lightspeed and Matrix with review, drafting and negotiation of the transaction documents and providing execution and closing related assistance.
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