DEAL DETAILS
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Wow Momo Foods Pvt Ltd | Series D round of funding from Oaks Consumer Fund-I and V’Ocean Investments Ltd |
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HEADINGS |
DETAILS |
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1.
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Sector |
Food and Beverages |
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2.
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Announcement Date |
05-Sep-2022 |
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3.
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Completion Date |
13-Sep-2022 |
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4.
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Name of Client |
Wow Momo Foods Pvt Ltd |
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5.
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Issuer Details |
Wow Momo Foods Pvt Ltd | India |
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6.
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Subscriber Details |
Oaks Consumer Fund-I | India |
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7.
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Deal Description |
Advised Wow Momo Foods Private Limited in relation to their INR 125 crore Series D round of funding from Oaks Consumer Fund-I and V’Ocean Investments Ltd, by way of issuance of equity shares and compulsorily convertible preference shares. |
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8.
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Total Consideration |
INR 125 crore (USD 16 million) |
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9.
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Team Members |
The core team consisted of Arindam Sarkar (Partner), Prithwijit Gangopadhyay (Partner), Sruti Baid (Senior Associate), Anwesha Sinha (Associate), Karishma Sethia (Associate), Ribhu Mukherjee (Associate) with assistance from the following:
Assisted with intellectual property related vendor due diligence: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate) |
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10.
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Role of Firm |
We acted as transaction counsels to Wow Momo Foods Private Limited in relation to their Series D round of funding by way of issuance of equity shares and CCPS. The core team was involved in carrying out a vendor due diligence for the Client as well as drafting and negotiating multiple transaction documents. |
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11.
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Other legal advisors if any with names of Lead Lawyers |
JSA |
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12. |
Press Coverage |
https://economictimes.indiatimes.com/tech/funding/wow-momo-foods-raises-rs-125-crore-in-funding-from-oaks-asset-management/articleshow/94067997.cms?from=mdr https://entrackr.com/2022/09/exclusive-wow-momo-kicks-off-series-d-round-with-16-mn/?utm_source=rss&utm_medium=rss&utm_campaign=exclusive-wow-momo-kicks-off-series-d-round-with-16-mn |