Bicycle brand Ninety One, owned and operated by AlphaVector India has recently closed the Series A funding round raising $30 million (₹225 crore) led by A91 Partners LLP.
The round also saw participation from Fireside Ventures, Avaana Capital and Titan Capital. A91 Partners LLP invested ₹160 crore, while the balance ₹65 crore was invested by Fireside Ventures, Avaana Capital and Titan Capital together.
Lakshmikumaran & Sridharan advised AlphaVector India and its founders. The team at LKS was led by L. Badri Narayanan (Executive Partner) along with Gaurav Dayal (Partner). The team was assisted by Bhusan Porwal (Senior Associate), Nayanika Majumdar (Senior Associate) and Anmol Jain (Associate).
J. Sagar Associates advised A91 Partners;
Cyril Amarchand Mangaldas advised Fireside Ventures.