DSK Legal advised Infifresh Foods on Evolvence India Fund
DSK Legal advised Infifresh Foods on Evolvence India Fund
The deal was valued at USD 7.5 million
Law firm DSK Legal has advised Infifresh Foods Private Limited and its Founder Utham Swamygowda in connection with the Series C – Tranche 2 Round from Evolvence India Fund IV Limited.
DSK Legal assisted Infifresh in the limited due diligence process being conducted by Evolvence India, the Series C Investor. It aided in drafting, revising, negotiating and finalizing the transaction documents and also guided in the closing process, including corporate secretarial actions of the transaction.
Infifresh runs a business procuring, supplying and processing fresh seafood and various categories of meat on a B2B basis. Functioning under the brand name 'Captain Fresh', it caters to online retail players, modern trade, general trade retailers, hotels and restaurants.
The company plans to utilize the proceeds from the issue to foray into the markets of Africa, Asia and the Middle East.
Evolvence India is a Middle East-based fund that concentrates on partnering with leading founders and management teams. It builds businesses, which are category-defined.
While the DSK Legal team was led by Jayesh Kothari (Associate Partner), Hemanshi Gala (Associate), and Kunal Chopra (Associate), Jerome Merchant and Partners represented Evolvence India.
