DSK Legal advises Mimansa Industries in Pre-Series A round from Fireside Ventures

LE Desk

New Delhi, July 7, 2022: DSK Legal has advised Mimansa Industries Private Limited and its Founders Sneh Jain and Aditi Handa in relation to their Pre-Series A Round from Fireside Ventures Investment Fund – II, a deal with a value of USD 5 million.

The scope of work of DSK Legal included: (i) reviewing, finalising term sheet for the transaction; (ii) revising, negotiating and finalising the Transaction Documents executed between Company, its Founders and Investor; (iii) assisting in completing CPs; and (iv) assisting in closing of the transaction, the Law Firm said in a press statement.

The DSK Legal team for the above transaction was led by Associate Partner Mr. Jayesh Kothari, Senior Associate Ms. Hemanshi Gala and Associate Mr. Kunal Chopra. 

IC Universal Legal acted as legal advisors to the Investor. Privado Capital acted as financial advisors and bankers to this transaction.  

Mimansa Industries is engaged in the business of manufacturing and selling wide range of fresh bakery products under the brand named ‘The Baker’s Dozen’ on both online and offline platforms. In addition to its primary manufacturing facility in Ahmedabad, Gujarat, the Company also operates/manages several cloud kitchens across the country. 

The Company will use the proceeds from the investments for expansion of its operations including online presence, customer acquisition, and brand building, the statement said.