JSA Advocates & Solicitors (JSA) advised Lok Capital IV LLC, Lok Capital Co-investment Trust and Blue Earth Capital AG on their Series B investment in GrowXCD Finance, a Chennai-based company specializing in financial services for the MSME sector. The funding round, which raised USD 22 million, also saw participation from Prosus Ventures and UC Impower.
GrowXCD Finance focuses on enabling financial inclusion by providing tailored credit solutions to micro, small and medium enterprises across India. The Series B investment will further strengthen its capacity to expand its footprint and enhance its digital lending capabilities.
The JSA team was led by Partner Siddharth Mody with support from the Private Equity team comprising Partner Rohan Kumar, Senior Associate Tanmayee Sahoo and Associate Ayush Chaturvedi.
Due diligence was conducted by Partner Rohan Kumar, along with Senior Associate Tanmayee Sahoo and Associates Ayush Chaturvedi, Vidushi Jain, Gavin Pereira, and Prakhar Jain.
CMS INDUSLAW advised UC Impower on its investment in the Series B equity funding round of GrowXCD Finance, aggregating to USD 22.8 million. The round was led by Blue Earth Capital and Prosus Ventures, with participation from existing investors Lok Capital and UC Impower.
GrowXCD Finance, a Chennai-based non-banking finance company (NBFC), provides secured lending solutions to micro, small, and medium enterprises (MSMEs).
The CMS INDUSLAW team comprising Partner Stuti Agarwal, Associate Aparimita Choudhary and Associate Padmasri Bhavani advised on this transaction.
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