frog cycles
frog cycles

Vertices, ICUL, CAM lead on Bicycle brand Frog fundraise from Avaana Capital and Titan Capital

Bar & Bench

Mumbai-based AlphaVector, which owns bicycle brand Frog, raised an undisclosed amount in a fresh round of funding from private equity firm Avaana Capital, with participation from Titan Capital, a VC-arm run by Snapdeal founders Rohit Bansal and Kunal Bahl.

VERTICES PARTNERS represented AlphaVector (India) Private Limited and the Founders, with a team led by Managing Partner Vinayak Burman, Associate Partner, Sohini Mandal and Associate, Paul Albert.

IC Universal Legal represented Avaana Capital, with a team led by Partner Sambhav Ranka, Senior Associate, Kanishka Bajpai and Associate, Vartika Koolwal.

Cyril Amarchand Mangaldas represented existing investor, Fireside Ventures, with a team led by Partner Akshay Bhat and Principal Associate, S. Harish.

The company also plans to invest in a state-of-the-art manufacturing facility with a capacity of one million cycles per year under the “Make in India” programme, reported Yourstory

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