DSK Legal advised Infifresh and its founder Utham Swamygowda
DSK Legal advised Infifresh and its founder Utham Swamygowda
The deal was valued at Rs.372 crores
DSK Legal has advised Infifresh Foods Private Limited and its founder Utham Swamygowda on their Series C Round from the existing investors of Infifresh.
The investors are Tiger Global; Prosus Ventures (Naspers); Accel Partners; Matrix Partners; Ankur Capital Fund; and Incubate Japan.
Infifresh is engaged in the business of procuring, supplying and processing fresh seafood and various categories of meat on a business-to-business basis. It operates under the brand name Captain Fresh that caters to online retail players, modern trade, general trade retailers, hotels and restaurants catering.
The company proposes to use the proceeds from the issue to foray into the markets of Africa, the Middle East and other parts of Asia.
DSK Legal advised Infifresh on various matters. These included guiding on overall structure for the transaction; assisting on due diligence process; drafting, revising, negotiating and finalizing the transaction documents; and assisting in fulfilling the precedence and closing process of transactions (including corporate secretarial actions).
It was the sixth successful fund-raising exercise undertaken by DSK Legal for Infifresh Foods since the latter's incorporation in June 2020.
The DSK Legal team was led by Jayesh Kothari (associate partner), Hemanshi Gala (associate) and Kunal Chopra (associate). Acting as an engagement partner, Hemang Parekh provided crucial inputs on the transaction.
Tiger Global & Naspers Ventures were represented by AZB Partners and Gunderson Dettmer (New York), whereas Accel India VI (Mauritius) was advised by an in-house legal team.
Matrix Partners India Investments and Matrix Partners were guided by Rajaram Legal.
Ankur Capital was represented by J Sagar & Associates and Pier Counsel guided Incubate Japan.
