Link Legal represented and advised Howen International Fund SPC, a Cayman Island fund, in its pre-series A investment in Sundaravijayam Automobiles Services Private Limited ("ReadyAssist"). The ticket size of the entire deal is USD 5 Million.
ReadyAssist is engaged in the business of providing technology-enabled 24/7 roadside assistance, emergency service, vehicle maintenance and other related activities including technical trainings, with a strong thrust into the electric vehicles space.
Our scope included (i) Conducting legal Due Diligence; (ii) drafting, negotiating and finalizing the transaction documents; (iii) legal assistance in closing the transaction; and (iv) providing general advisory and assistance throughout the transaction.
Link Legal team comprised of: Associate Partner, Pradnesh Warke, Associate Partner, Ambuj Sonal and Senior Associate, Tanvi Pande, Associate, Meghna Punjabi and Associate, Subham Biswal.
ReadyAssist was advised by Lexygen Legal Consulting.
Following are the external links:
- https://yourstory.com/2022/11/roadside-assistance-startup-readyassist-howen-international-fund-spc-pre-series-a-round#:~:text=The%20funds%20will%20be%20deployed,nook%20and%20corner%20of%20India.&text=Bengaluru%2Dbased%20roadside%20assistance%20startup,by%20Howen%20International%20Fund%2C%20SPC.
- https://www.thehindubusinessline.com/economy/logistics/readyassist-raises-5-million-led-by-howen-international-fund-spc/article66138950.ece
- https://auto.economictimes.indiatimes.com/news/industry/readyassist-raises-usd-5-million-in-pre-series-a-funding-to-expand-service-network/95534777
- https://inc42.com/buzz/roadside-assistance-startup-readyassist-5-mn-funding-build-retail-customers/
- https://www.entrepreneur.com/en-in/news-and-trends/readyassist-raises-5-million-in-pre-series-a-funding/439181
- https://startupstorymedia.com/insights-in-a-pre-series-a-financing-readyassist-raises-5-million-with-the-help-of-howen-international-fund-spc/
- https://www.financialexpress.com/express-mobility/readyassist-raises-five-million-us-dollars-to-enhance-service-network/2816338/
- https://www.vccircle.com/instantfood-brand-yu-snags-fresh-series-a-funding
