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OfBusiness, which provides loans to small and medium businesses, has raised ₹250 crores in a Series D round led by Norwest Venture Partners, a growth investment firm.
Its existing investors, Falcon Edge Capital and Matrix Partners, also participated in the round.
J. Sagar Associates (JSA) advised OfBusiness and the team was led by Partners – Lalit Kumar and Bharati Joshi along with Associate Rishabhdev Jain, and Junior Associate Aakanksha Mehta.
Shardul Amarchand Mangaldas & Co advised Norwest Venture Partners and the team was led by Partners Puja Sondhi and Sumeet Singh, along with Senior Associate Aakanksha Dalal, and Associates Kartik D Monga, and Meghna De. Partner Siddharth Nair provided strategic inputs on the transaction.
The diligence team comprised included Partner Sumeet Singh, Principal Associate Karuna Thapa, Senior Associate Anish Jaipuriar, and Associates Kartik D Monga, Surabhi Gupta, Meghna De, and Kriti Singhania, Partner Pooja Ramchandani along with Principal Associate Designate Vaibhav Bhardwaj, and Associate Suryansh Gupta provided assistance on employment law matters.
Rajaram Legal acted for Matrix Partners and the team was led by Archana Rajaram.
Falcon Edge Capital was advised by Goodwin Procter LLP.