AZB & Partners represented Weaver Services Private Limited in relation to its ~USD 170 million fund raise (across two rounds) from Premji Invest, Gaja Capital and Lightspeed.
The deal team comprised Senior Partner Nandish Vyas, Senior Associates Anshuman Bharadwaj, Shreshth Bhartia, Tanay Chopra, and Associate Rishav Sen. They were supported by Senior Associate Avani Jain, Associates Shraddha Sethia, Rishad Mehta, Tamanna . and Avani Laad on the fund raises, and by Associate Manhar Chaudhary on the RBI application.
Senior Partner Gautam Ganjawala and Partner Bhargavy Ramesh provided guidance on regulatory aspects, and Founder & Managing Partner Zia Mody provided strategic advice on critical aspects of the transaction.
Khaitan & Co acted as legal advisors to Lightspeed Venture Partners (through Lightspeed Venture Partners Select VI L.P.) as lead investor in the Series B1 round, and to Premji Invest (as existing lead investor making a follow-on investment), on their investments in Weaver Services Pvt Ltd, a technology-led housing finance platform focused on the affordable housing segment.
The core team for Lightspeed comprised Senior Partner Bharat Anand, Partner Nidhi Killawala, Principal Associate Anupama Singh, and Senior Associate Ishaan Chopra. The core team advising Premji Invest included Partner Sanjay Khan Nagra, Partner B N Vivek, Senior Associate Mahima Sharon Selvakumar, and Associate Insaf Ahamad T K.
The deal team for Lightspeed was further assisted by Partner Vidushi Gupta and Senior Associate Shriya Kamat (Corporate and Commercial), and Partner Pranjal Prateek (Competition/Antitrust).
The deal team for Premji Invest was supported by Partner Smita Jha, Principal Associate Diksha Singh, Senior Associate Ganesh Bhaskar Lata, Associate Navya Saxena, and Associate Nayana J M (Banking and Finance); Partner Vinay Joy, Counsel Srishti Ramkrishnan, Senior Associate Aditya J Nair, and Associate Tanvi Uday Shetty (Employment Labour & Benefits); Principal Associate Akash Srinivasan, Principal Associate Unnita Bhattacharya, Associate Anjali S Kumar, Associate Khushi Sharma, and Associate Maansi Reddy Basani (Corporate and Commercial); Partner Anisha Chand and Principal Associate Alisha Mehra (Competition/Antitrust); and Director Akshika Harikrishnan (Direct Tax).
The deal reporting on this platform is based on the information received from law firms, and therefore, some details may be missing/incomplete. If your firm has not been credited for this deal, write to us at chanchal.makhija@thegreymatter.co.in mentioning your firm’s name, lawyers involved (including designation) and client represented.
