Khaitan & Co represented Lightspeed Venture and Kalaari Capital Partners III in acquisition of minority stake in Healthplix

The investment is worth USD 18.29 million

Law Firm - Khaitan & Co
By :  Legal Era
Update: 2023-06-27 16:00 GMT


Khaitan & Co represented Lightspeed Venture and Kalaari Capital Partners III in acquisition of minority stake in Healthplix

The investment is worth USD 18.29 million

Khaitan & Co has advised Lightspeed Venture Partners and Kalaari Capital Partners III in relation to the acquisition of a minority stake by Lightspeed Venture and Kalaari Capital in the share capital of Healthplix.

It is pursuant to a primary investment in Healthplix’s USD 18.29 million funding round led by Avataar Venture Partners and SAI Global India Fund I, which was split across a bridge round and a Series C round.

It assisted in negotiations and marking up of the transaction documents for Lightspeed’s and Kalaari’s Series C and bridge round investment in Healthplix and closing of both rounds of the transaction.

The Khaitan & Co’s core team comprised Bharat Anand (Partner), Nidhi Killawala (Partner), Mukul Aggarwal (Principal Associate), Ishaan Chopra (Associate).

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By - Legal Era

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