Khaitan, Algo, JSA, foreigns act on $60m Series B for Khatabook from Facebook co-founder’s B Cap

NEW DELHI/BENGALURU: Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook cofounder Eduardo Saverin. This takes the total funding raised by the twoyear old firm to $87 million.

— The Economic Times

Khaitan & Co advised Adj Utility Apps Private Limited, operating as Khatabook led by a team of partnerVinay Joy, partnerArun Scaria, associateKamna Kumar.

Algo Legal advised Sequoia Capital led by a team of associate partnerPrateek Mohapatra, with associateMayank Jhunjhunwala.

A second Algo Legal team also acted for Unilever Ventures led by partnerSiddharth Manchanda, with associateRohit Jain.

Gunderson Dettmer acted for Khatabook, led by partnersDavid He and Greg Volkmar, with associatesZahrah Devji and Lauren Fleming.

J Sagar Associates (JSA) acted for B Capital led by partnerManvinder Singh, senior associatesAnant Mishra and Divyam Sharma, and associatesAman Parnami and Vishakha Singh.

Ropes & Gray acted for B Capital as US counsel, led by partnerBradford Flint with associateBenjamin DiCamillo.

2020-05-20

Deal value: USD 60 million

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