Anoma Legal, Bharucha & Partners, Trilegal and Touchstone Partners are advising on a USD280 million series E fundraise for leading digital lending platform KreditBee, which will give it unicorn status.
Anoma Legal counselled KreditBee, with partners Abhinav Singh and Keertan Sreekumar leading the team. Bharucha & Partners advised existing KreditBee investor Advent International, with partner Swathi Girimaji and senior partner Vandana Pai leading the team.
Touchstone Partners acted for Motilal Oswal Alternates, the private equity arm of the Motilal Oswal Group, and Premji Invest on their investments in KreditBee.
After completion of the funding round, KreditBee is expected to achieve unicorn status, with a USD1.5 billion valuation.
The funding round, subject to applicable regulatory approvals, also saw participation from Hornbill Capital, Advent International, Dragon Funds, WhiteOak Capital and AP Moller Holding.
Trilegal advised Hornbill Capital, one of the lead investors in this transaction. The private equity team comprised partner Abhishek Guha and senior associates Pavana Padmakumar and Shreya Gokhale, while the antitrust team comprised partner Gauri Chhabra, senior associates Ujjwala Adikay and Eesha Sheth, and associates Shobhit Shukla and Sreya Chaudhury.
In addition, Touchstone Partners advised TPG NewQuest and Archerman Capital in relation to their rights as existing shareholders under the shareholders’ agreement.
The Touchstone Partners team advising on the transaction comprised partner Pranay Bagdi, counsel Kunal Gopal, as well as associates Viraj Vaidya and Eeshan Krishnatria.
The firm’s competition law team – comprising senior adviser Vinod Dhall, partner Gaurav Desai, counsel Shruti Bhat, associate Juhi Hirani and associate Rakshit Rana – advised Motilal Oswal Alternates and Premji Invest.
KreditBee is a non-banking financial company offering instant loans to self-employed and salaried professionals.
