IndusLaw Deal Report

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Firm advised and represented WheelsEMI Private Limited (“Bike Bazaar”) Elevar Equity and Faering Capital in relation to investment of USD 10 million...

India

Firm advised and represented WheelsEMI Private Limited ("Bike Bazaar") Elevar Equity and Faering Capital in relation to investment of USD 10 million into Bike Bazaar along with DEG and Women's World Bank¹.

Deal value- USD 10 million

INDUSLAW team: Rashi Saraf (Partner), Keshav Vijayan (Senior Associate),Viral Dave (Associate), Shubham Aggarwal (Associate), Ruhi Jain (Company Secretary)

Other law firms involved-

Trilegal acted for DEG
ICUL acted for Women's World Bank

Footnote

1. https://deginvest-investments.de/portfolio/wheelsemi-private-limited; https://www.dealstreetasia.com/stories/deg-commits-to-indias-wheelsemi-326080; https://aimgroup.com/2023/01/23/german-bank-kfw-grants-india-based-bike-bazaar-10m/

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