Khaitan & Co advised Investors on Credilio Financial Technologies Private Limited Series A Round
The India’s leading law firm Khaitan & Co advised Cornerstone Ventures Partners, as lead investor, and Ashra Private Equity Fund (Shepherds Hill Private Equity Trust), as co-investor, in the Series A funding round of Credilio Financial Technologies Private Limited, a UPI-first fintech platform enabling digital distribution of credit products, including loans and credit cards, across Tier II and Tier III markets through financial advisors.
The Series A round comprised funding of INR 100 crore and was led by Cornerstone Ventures, with participation from ESV-Arthya AIF and Roots Ventures, alongside venture debt support from Innoven Capital and Alteria Capital.
Credilio Financial Technologies Private Limited operates under the brand novio, a UPI-first fixed deposit-backed credit card application.
The Khaitan & Co team advising Cornerstone Ventures Partners comprised Gautam Suseel (Partner), Ashutosh Sharma (Partner), Atif Ahmed (Principal Associate), Aanchal Khandelwal (Senior Associate), and Jahanvi Tuli (Associate), with assistance from Deepali Menghwani (Principal Associate) and Arushi Gupta (Senior Associate) on transaction-related aspects.
The Khaitan & Co team advising Ashra Private Equity Fund comprised Tanvi Kumar (Partner), Pulkit Chaturvedi (Counsel), and Nipun Laroia (Senior Associate), with assistance from Aditi Sannidhi (Associate) on due diligence-related aspects.
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