Amber Internet Solutions Private Limited has successfully concluded its first institutional fund raise which involved an equity plus debt investment of about $21 million from Gaja Capital and other investors.

Pioneer Legal advised the lead investor Gaja Capital (acting through Gaja Capital India Fund 2020 LLP) in this transaction.

The transaction team consisted of Satish Kishanchandani (Managing Partner), Anupam Shukla (Partner), Adwait Munje (Principal Associate), Vedika Shah (Senior Associate), Niyati Khullar (Associate) and Shreya Masalia (Associate).

Shardul Amarchand Mangaldas & Co represented Amber and its Promoters in this fundraise.

The transaction team was led by Navruz Vakil (Partner), Paul Albert (Senior Associate), Alena Advani (Consultant) and Anupam Nayak (Associate).

The due diligence team was led by Navruz Vakil (Partner), Paul Albert (Senior Associate), Alena Advani (Consultant), Anupam Nayak (Associate), Aakaansha Arya (Associate), Sampada Naik (Associate) and Priti Rasam (Associate).

Samvād: Partners represented LC Venture Debt Fund, an existing investor of Amber, in this transaction.

Triumvir Law represented Amber in the debt funding round.

The team consisted of Partners, Anubhab Sarkar and Aakash Parihar, and Associates, Sanyukta Agrawal.

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