Whizdm Innovations Private Limited (popularly, known as Moneyview), a leading Bengaluru based fintech based platform, has acquired 100% stake of Zeo Fin Technology Private Limited (popularly, known as Jify), a Mumbai based fintech based platform startup.
Our firm advised Moneyview on the due diligence, structuring, negotiation, finalisation of transaction documents, closing and post-closing related aspects of the transaction.
This acquisition is set to strengthen Moneyview's comprehensive suite of financial services and ongoing expansion into a diverse range of financial products ranging from credit to savings and investment products while enabling Jify to scale its offerings to a wider network of employees and organisations.1
INDUSLAW Team:
Due Diligence Team: Led by Namita Viswanath (Partner), Rashi Saraf (Partner) and supported by Ruhi Jain (Executive Director – Corporate Compliance), Praveen Hegde (Manager – Corporate Secretarial), Sumedha Mazumdar (Senior Associate), Spandan Saxena (Senior Associate), Adarsh Joshi (Senior Executive – Corporate Secretarial), Yash Borana (Associate), Aditya G (Associate), Nikhil Vijayanambi (Associate), Preetish Agrawal (Associate) and Ankit Sharma (Associate).
Transaction Team: Led by Rashi Saraf (Partner) and supported by Ruhi Jain (Executive Director – Corporate Compliance), Praveen Hedge (Manager – Corporate Secretarial), Sumedha Mazumdar (Senior Associate), Spandan Saxena (Senior Associate) and Adarsh Joshi (Senior Executive – Corporate Secretarial).
Other law firms and advisors involved:
- KLaw – Jify, Nexus Ventures VI Holdings LLC, Accel India VII (Mauritius) Limited and Accel India VI (Mauritius) Limited.
- EY India – Jify and Moneyview
Footnotes
2 https://inc42.com/buzz/newly-turned-unicorn-moneyview-buys-jify-to-expand-its-lending-play/
3 https://www.newindianexpress.com/business/2024/Sep/13/moneyview-turns-unicorn-buys-start-up-jify