Shardul Amarchand Mangaldas & Co. advised Aavishkaar India Fund VI in a significant investment aggregating to USD 10 Million in Sea Turtle Private Limited, known for its brand Zouk.
The funds will be used by Zouk for expanding the network of exclusive brand outlets, strengthening marketing and supply chain capabilities, and investing in talent recruitment. The brand currently has four exclusive brand outlets and is targeting a total of 75 outlets in the next two to three years.
The transaction team was led by Sarika Raichur, Partner. Akshaya Srinivasan, Principal Associate and Sai Dharshini, Senior Associate assisted with the transaction.
Other investors namely, Stellaris Venture Partners India Trust II, JJ Family Office LLP, Sharrp Ventures Capital Private Limited, and Titan Capital Winners Fund I were the other counterparties in this deal.
Aarambh Legal advised Sea Turtle Private Limited on the legal aspects.
Kaizen Law advised Titan Capital Winners Fund I on the legal aspects.
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