Khaitan & Co advised General Catalyst on Series A investment in Xflow
The leading law firm in India, Khaitan & Co advised General Catalyst in relation to its Series A investment in Xflow, along with other existing investors, for a total consideration of approximately USD 16.6 million. Xflow is engaged in developing cross-border payments infrastructure.
The firm assisted General Catalyst in conducting a due diligence exercise on Xflow’s wholly owned subsidiary in India, reviewing, negotiating, and finalising the share subscription agreement, shareholders’ agreement, and founder employment agreements, as well as managing execution and closing aspects of the transaction. This included reviewing documents related to conditions precedent and closing, and tracking completion of all such conditions and closing actions.
The core Khaitan & Co team consisted of Bharat Anand (Senior Partner), Nidhi Killawala (Partner), Anupama Singh (Principal Associate), and Aiyushi Sahani (Senior Associate). Nirupam Lodha (Partner), Malika Nandkeolyar (Senior Associate), and Rebecca Cardoso (Associate) advised on the intellectual property aspects of the diligence.
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