Khaitan & Co advises Apis Partners in relation to its proposed minority investment in Whizdm Innovations Private Limited

NBFCs

26-Dec-2022

Yet to conclude

Apis Partners

Apis Growth II (Mimosa) Pte. Ltd. | Singapore
Internet Fund III Pte Ltd | Singapore
Evolvence India Fund IV Ltd | Mauritius
Crimson Winter Limited | Cayman Islands

Advised Apis Partners in relation to its proposed minority investment in Whizdm Innovations Private Limited (d.b.a MoneyView). MoneyView operates as a digital lending platform and has an NBFC subsidiary. Apis led the Series C investment round with other existing investors, Crimson Winter Limited, Evolvence and Internet Fund III at a valuation of approximately USD 900 million. The core team consisted of Kartick Maheshwari, Ashraya Rao and Kapish Mandhyan, Shreya Dua, Unnita Bhattacharya and Devika Vasandani.

Confidential

The core team was led by Kartick Maheshwari (Partner), Ashraya Rao (Partner) and Kapish Mandhyan (Partner) with Shreya Dua (Principal Associate), Unnita Bhattacharya (Senior Associate), Devika Vasandani (Associate).

The core team was supported by the following team members who conducted the due diligence led by Shreya Dua (Principal Associate), Bhavya Bhankaria (Senior Associate), Yashvi Shah (Associate), Shivani Devpura (Associate) and Priyal Reddy (Associate).

Regulatory Aspects: Smita Jha (Partner), Nikita Nagori (Senior Associate), Riddhiman Sarkar (Associate) and Vijay Sekar (Associate)

Intellectual Property Aspects: Shailendra Bhandare (Partner), Sourav Dan (Principal Associate), Kinjal Parikh (Associate)

Data Privacy Aspects: of Supratim Chakraborty (Partner), Sumantra Bose (Principal Associate), Tashi Gyanee (Associate) and Shramana Dwibedi (Associate)

Employment and Labour laws aspects: Anshul Prakash (Partner), Abhimanyu Pal (Principal Associate), Kruthi Murthy (Senior Associate) and Varsha Sankara Raman (Associate)

Legal counsel for Apis

EY acted as the financial and tax advisors for Apis

Trilegal advised Whizdm Innovations Private Limited