No. | Headings | Details |
1. | Completion/Closing Date | September 2017 |
2. | Name of our Client | Oravel Stays Private Limited (“Oyorooms.com“); Ritesh Agarwal (“Founder“) |
3. | Name of Investor | Lightspeed Venture Partners, Sequoia Capital, Softbank Vision Fund, Greenoaks Capital and Hero Enterprise |
4. | Type of transaction | Private Equity Transaction |
5. | Transaction Description | Softbank Vision Fund and Hero Enterprise, Along with the existing investors, subscribed to Series D preference shares in Oyorooms.com |
6. | Deal Amount | http://tech.economictimes.indiatimes.com/news/startups/oyo-secures-250m-funding-led-by-softbank-vision-fund-and-hero-enterprise/60407458 |
7. | Concerned Partner and Team | Transaction team: Avimukt Dar (Partner), Nitin Gera (Senior Associate), Nikita Goyal (Associate) and Aayush Sood (Associate) Employment Law: Avik Biswas (Partner) Regulatory Law: Saurav Kumar (Partner) |
8. | Role of Firm | Legal counsel to Oyorooms.com and the Founder |
9. | Other Law Firm inbolved (details of the partners & Associates) | SoftBank Counsels: Morrison & Foerster LLP (Hong Kong): Mr. Amit Kataria (Partner) Cyril Amarchand Mangaldas (Mumbai): Shishir Vayttaden (Partner) LSVP Counsel: SCI Counsel: Global Ivy Counsel: |