Novo Holdings has acquired a minority stake in AGNEXT Technologies as part of the Series B investment round.
Khaitan & Co advised Novo Holdings on this transaction. The Firm advised on all aspects of the transaction including structuring, due diligence, transaction documentation and closing.
The core team consisted of Kartick Maheshwari (Partner), Aashutosh Sampat (Partner), Nayantara Kutty (Partner), Gunsaheb Singh (Principal Associate), Reshma Abraham (Principal Associate), Vismita Gahlot (Senior Associate) and Yashvi Chaitanya Shah (Associate) with assistance from the following:
Data privacy aspects: Supratim Chakraborty (Partner), Sumantra Bose (Counsel) and Himeli Chatterjee (Associate);
Employment law aspects: Deepak Kumar (Partner), Archika Dudhwewala (Senior Associate) and Varsha Sankara Raman (Associate);
Intellectual property aspects: Adheesh Nargolkar (Partner), Shailendra Bhandare (Partner), Janaksinh Jhala (Counsel), Sourav Dan (Principal Associate) and Kinjal Parikh (Associate);
Taxation aspects: Ritu Shaktawat (Partner), Rahul Jain (Director), Bharat Jain (Principal Associate) and Husain Bohra (Senior Associate);
Closing assistance: Jahanvi Tuli (Associate) and Unnati Goel (Associate).
JSA advised Omnivore and Alpha Wave Incubation, existing investors, on this fundraise.
The transaction team consisted of Siddharth Mody (Lead Partner), Rahul Deodhar (Partner) and Prerana Chaudhari (Principal Associate).
AgNext Technologies Private Limited is a breakthrough agricultural and food technology company enhancing trust along the food chains by innovating artificial intelligence-based food quality assessment technologies.
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