IndusLaw has counselled Indian company Mohalla Tech, which owns social media platform ShareChat and short video app Mo, on its $502 million fundraising round. The funding values Mohalla Tech at $2.1 billion.

The investors were led by Lightspeed Ventures and Tiger Global, which were represented by Gunderson Dettmer and AZB & Partners, and included Snap Inc, advised by Cooley, and Twitter, counselled by Skadden, Arps, Slate, Meagher & Flom and Khaitan & Co.

Mint reported that the latest funding would be used to grow the company’s user base, strengthen the creator community on its apps and improve the company’s artificial intelligence-powered recommendation engines.

The IndusLaw team was led by partners Manish Gupta and Anubha Sital, while Jonathan C. Pentzien led the Gunderson Dettmer team.

Partners Ashwath Rau, Srinath Dasari and Nanditha Gopal led the AZB team, while the Cooley team was led by partner Ferish Patel.

Meanwhile, the Skadden team was led by partner Parveet Gandoak, while the Khaitan team was led by partner Sharad Moudgal.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

Related Articles

Appointments

13-lawyer IndusLaw infra group moves to JSA

by Nimitt Dixit |

JSA Advocates & Solicitors has become the latest firm to turn to IndusLaw to boost its partner ranks with the addition of Infrastructure and projects-focused partners M. Arun Kumar and Deepak Chowdhury along with their teams in Gurugram and Hyderabad, respectively.

Appointments

CAM on a roll as ex-Indus employment partner joins in Delhi

by Nimitt Dixit |

Cyril Amarchand Mangaldas starts August with another partner hire, adding labour and employment partner Sowmya Kumar in Delhi, a source with knowledge of the move told ALB.  

Appointments

CAM takes 60-member IndusLaw cap markets team in India’s largest hire of the year

by Nimitt Dixit |

In the largest group move of the year so far in India’s legal market, Cyril Amarchand Mangaldas is set to add a 60-lawyer capital markets team, including eight partners, from IndusLaw, two sources with knowledge of the move confirmed to ALB.