New Delhi, April 29, 2022: DSK Legal has advised Infifresh Foods Private Limited and its Founder Utham Swamygowda in relation to their Series C – Tranche 2 Round from Evolvence India Fund IV Ltd, the Law Firm has said.
The scope of work of DSK Legal included: (i) assisting Infifresh in the limited due diligence process being conducted by the Series C Investor; (iii) drafting, revising, negotiating and finalizing of Transaction Documents executed between Infifresh, the Founder and Series C Investor; and (iv) assisting in the closing process of the transaction (including corporate secretarial actions).
DSK Legal team for the above transaction was led by Associate Partner Jayesh Kothari, Associate Hemanshi Gala and Associate Kunal Chopra, the Law Firm said in a press statement.
The total deal value was USD 7.5 million, it said.
Evolvence India Fund IV Ltd. was represented by Jerome Merchant and Partners.
Infifresh is engaged in the business of procuring, supplying and processing fresh seafood and various categories of meat on a B2B basis (operating under the brand named Captain Fresh) catering to online retail players, modern trade, general trade retailers, hotels and restaurants catering. Infifresh proposes to use the proceeds from the issue to foray into markets of Africa, Middle East and other parts of Asia.
Evolvence India Fund IV Ltd., a middle east-based fund focuses on partnering with leading founders and management teams to build category defining businesses.