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May 16, 2013

Deal Alert: Poovayya, AZB partners invest in legal education venture Rainmaker

Mumbai-based Rainmaker, which creates specialized learning material for law universities, has raised seed funding of $3 million (Rs.16.4 crore) across three rounds from a mix of family, friends and angel investors. The company’s backers include Sajan Poovayya, the additional advocate-general for Karnataka and managing partner of law firm Poovayya and Co, as well as Bahram Vakil, one of the cofounders of corporate law firm AZB & Partners. 

The four-year-old company, founded by law school graduate Nikhil Chandra, focuses entirely on online delivery of lessons. It creates specialized content for specific courses, such as securities, merger & acquisition, as well as trade law that are delivered as short- duration courses for university students. 


 
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