SAMVAD Partners and Goyel & Goyal advised on the ₹50 crore investment in Sumosave Supermarkets led by 12 Flags.
12 Flags Consumer Fund Holdings has invested in the Pre-Series B fundraise of Sumosave Supermarket Technologies Private Limited. Stride Asset Management provided the venture debt.
Sumosave operates neighbourhood supermarket stores across eastern and northern India and is also engaged in wholesale trading, logistics and warehousing. The funding round involved an investment of ₹50 crore by 12 Flags and Stride Asset Management.
SAMVAD Partners acted as legal counsel to 12 Flags Consumer Fund Holdings in connection with its investment in Sumosave’s Pre-Series B fundraise.
The team comprised Partner Gauri Khanna, Senior Associates Hemanth Joseph Kadamthode, Satyam Shrivas and Naman Sharma, and Associates Aditi Bose, Ananya Mathew, Soumya Kumari and Mudit Sharma.
Goyel & Goyal advised Sumo Save Supermarkets on the ₹50 crore investment by 12 Flags and Stride Asset Management.
The transaction team comprised Raghav Thareja, Shivantika Srivastava, Vedant Kohli and Akshit Goyal.
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