CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
PhonePe has agreed to raise USD 100 million from Ribbit Capital, Tiger Global and TVS Capital Funds at a pre-money valuation of USD 12 billion. This new investment would follow the recent USD...
India
PhonePe has agreed to raise USD 100 million from Ribbit Capital,
Tiger Global and TVS Capital Funds at a pre-money valuation of USD
12 billion1. This new investment would follow the recent
USD 350 million primary fundraise that had closed in January
2023.
Our Firm advised PhonePe and Ribbit
Capital.
Deal value- USD 100 million
INDUSLAW team-
For PhonePe - Saurav Kumar (Partner), Rohit
Ambast (Partner), Swathi Sreenath (Principal Associate), Saurabh
Raman (Associate) and Shreya Chaturvedi (Associate).
For Ribbit Capital - Winnie Shekhar (Partner),
Rajat Jain (Senior Associate) and Aditya Kumar (Associate).
Other law firms involved-
Khaitan & Co. (led by Vivek Sriram (Partner) and team)
represented TVS Capital Funds.
Gunderson Dettmer (led by Steven L. Baglio (Partner) and team)
represented Tiger Global.
CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
