Skip to main content

Posts

Legal Capsule by Veyrah Law

VC SERIES: PART III – THE TERM SHEET DECODED! In the previous  article  of this series we discussed the strategy to be adopted by founders while negotiating a term sheet with a VC fund. Now, on to certain important legal terminology. It is necessary for founders to be aware of and understand the implications of the legal jargons which could impact their rights in the business. Liquidation preference First and foremost – the liquidation preference. Liquidation preference is the investors’ right to get their investment amount back before the holders of common shares (equity shares) get any returns. The common shares are usually owned by the startup’s founders and employees. The preference applies when the startup undergoes a sale of its business by way of any corporate action or it distributes profits to its shareholders. With respect to liquidation preference, the most important element for founders to be mindful of is the type of liquidation preference being demanded by the VC fund – p
Recent posts

Top Fintech Startup Deals: Venture Capital and M&A

Source: The Venture Intelligence PE Deal  and M&A Deal  Databases Want more deeper insights into the biggest / notable startup deals? Take a demo of our Databases here . Checkout our website for more info on Venture Intelligence's products:  ventureintelligence.com

Indian SaaS Startup Funding: Sector in a Snapshot

  Source:  The Venture Intelligence Private Equity Deal Database . Want a deeper dive into the funding data? Take a demo of our databases  here . Venture Intelligence  is India's longest-serving provider of data and analysis on Private Company Financials, Transactions (Private Equity, Venture Capital, and M&A) & their Valuations in India.

IPO-Bound Indian Startups: Key Highlights and Comparison

Source: The Venture Intelligence Private Equity Deal Database . Want a deeper dive into the financial and funding data? Take a demo of our databases here . Venture Intelligence is India's longest-serving provider of data and analysis on Private Company Financials, Transactions (Private Equity, Venture Capital, and M&A) & their Valuations in India.

Legal Capsule by Veyrah Law

TOWARDS AN INDIAN ‘MILITARY-INDUSTRIAL COMPLEX’? As of 2021, India has the second largest armed forces and the third largest defence budget in the world. However, historically, the defence sector in India has been a monopoly for public sector companies. In 2001, the defence sector was unlocked for domestic private businesses subject to certain licensing requirements. This was also the same time foreign investors were permitted to invest in the defence sector. Initially, foreign direct investment ( FDI ) was permitted up to a maximum of 26%. Over the years, the FDI cap has been substantially increased and currently stands at 100%, subject to certain conditions. More recently, due to external aggression from neighbouring states, the Government has been keen to further develop the Indian defence manufacturing sector. The thrust has been to encourage the development of indigenous solutions for its defence requirements and reduce its external dependency. In this article, we will discuss the

Cyril Amarchand Mangaldas tops League Table for Legal Advisors to M&A deals in H1 2021

Cyril Amarchand Mangaldas (CAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions during the first six months of 2021, advising 30 deals worth USD 14.9 Billion. CAM was followed by AZB & Partners (USD 14.6 Billion across 36 deals) and Trilegal (USD 7.7 Billion across 10 deals) in the second and third spots respectively. Khaitan & Co. (USD 7.3 Billion across 37 deals) and Shardul Amarchand Mangaldas (SAM) (USD 3.0 Billion across 10 deals) completed the top five. Among the largest deals in the period, CAM advised Adani Green Energy’s acquisition of 100% interest in SB Energy from Japan's SoftBank Group and Bharti Group for USD 3.5 Billion . AZB, CAM, and Trilegal advised Tata Digital’s acquisition of online grocery platform BigBasket for USD 1.2 Billion . AZB, SAM, Kirkland & Ellis , and Wilson Sonsini Goodrich & Rosati advised global private equity firm Apax Partners’ USD 900 million buyout of IT Services provider Infogain

Kotak Mahindra Capital tops League Table for Transaction Advisors to M&A deals in H1'21

Deloitte and ICICI Securities claim the No.2 & No.3 slots Kotak Mahindra Capital topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals   during the first six months of 2021, advising 5 deals worth USD 2.7 Billion. Deloitte (USD 1.8 Billion across 3 deals) and ICICI Securities (USD 1.2 Billion across 2 deals) took the second and third spots respectively by value of deals. Ernst & Young and Phoenix Advisors (USD 1 Billion across 1 deal) took the fourth spot. Credit Suisse (USD 900 million across 1 deal) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. Kotak Mahindra Capital acted as the transaction advisor to Tata Digital’s acquisition of online grocery platform BigBasket for USD 1.2 Billion  and  PharmEasy's majority stake acquisi