CredAvenue raises $137 mn, turns unicorn at $1.3 bn valuation | VCCircle. Khaitan & Co advised advised Insight Venture Management LLC and its affiliates for its investment in CredAvenue Private Limited.<\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n NO<\/strong><\/p>\n<\/td>\n	\n HEADINGS<\/strong><\/p>\n<\/td>\n	\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 DETAILS<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n
1.<\/td>\n	Sector<\/td>\n	Fintech<\/td>\n<\/tr>\n
2.<\/td>\n	Signing Date<\/td>\n	23 Feb 2022<\/td>\n<\/tr>\n
3.<\/td>\n	Completion Date<\/td>\n	Ongoing<\/td>\n<\/tr>\n
4.<\/td>\n	Name of Client<\/td>\n	Insight Venture Management LLC (\u201cClient\u201d)<\/td>\n<\/tr>\n
5.<\/td>\n	Target companies name and description<\/td>\n	CredAvenue Private Limited (\u201cCAPL\u201d) and its subsidiary i.e. CredAvenue Securities Private Limited (\u201cCSPL\u201d)<\/p>\n CAPL is engaged in the business of operating a technology based infrastructure platform for (i) discovery of debt securities \/ loans \/ securitizations \/ supply chain finance \/ co-origination of loans, (ii) connecting borrowers \/ issuers and lenders \/ investors, and (iii) providing portfolio and risk management monitoring and other forms of support services to borrowers \/ issuers and lenders \/ investors under the respective platforms namely CredLoans, Plutus, CredSCF, CredPool and CredCo.<\/p>\n CSPL has obtained a merchant banking registration with SEBI and is in the process of initiating its merchant banking business.<\/td>\n<\/tr>\n
6.<\/td>\n	Buyer<\/td>\n	Insight Luxembourg XII S.a.r.l<\/td>\n<\/tr>\n
7.<\/td>\n	Deal Description<\/td>\n	Advised Insight Venture Management LLC and its affiliates, in relation to the subscription of 5.81% (Five decimal point eight one per cent) shares of CAPL as the lead investor of the Series B round of investment in the target.<\/td>\n<\/tr>\n
8.<\/td>\n	Total Consideration<\/td>\n	Insight subscription amount: INR 5,70,07,12,841 (approx. USD 75 million)<\/p>\n  <\/p>\n Total Series B round consideration: 10,28,30,64,780 (approx. USD 133.5 million)<\/td>\n<\/tr>\n
9.<\/td>\n	Team Members<\/td>\n	Core team comprised of Mayank Singh (Partner) and Akarshita Dhawan (Senior Associate) with assistance from<\/p>\n  <\/p>\n Diligence & Closing: Raashi Paathak (Associate); Deeksha Agarwalla (Associate); Shagun Sharda (Associate); Suhaas Arora (Associate).<\/p>\n  <\/p>\n Direct Tax: Ritu Shaktawat (Partner); Sneh Shah (Principal Associate)<\/p>\n Indirect Tax: Dinesh Agarwal (Executive Director); Mayank Jain (Principal Associate)<\/p>\n  <\/p>\n Intellectual Property: Shailendra Bhandare (Partner); Sourav Dan (Principal Associate); Rhea Ghanshani (Associate)<\/td>\n<\/tr>\n
10.<\/td>\n	Role of Firm<\/td>\n	The Firm advised and assisted the Client on the (i) drafting, negotiation and finalisation of all transaction documentation; and (ii) assistance in closing formalities.<\/td>\n<\/tr>\n
11.<\/td>\n	Press Links<\/td>\n	Credavenue raises 137 million in round led by insight partners at $1.3 billion valuation <\/a><\/p>\n <\/h1>\n CredAvenue raises $137 mn from Insight Partners, B Capital Group others; joins unicorn club with $1.3bn valuation<\/a><\/p>\n  <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n  <\/p>\n","protected":false},"excerpt":{"rendered":" CredAvenue raises $137 mn, turns unicorn at $1.3 bn valuation | VCCircle. Khaitan & Co advised advised Insight Venture Management LLC and <\/p>\n","protected":false},"author":8808,"featured_media":263527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[],"class_list":["post-263526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news"],"yoast_head":"\n