Deal Corner
May 11, 2017
Investment in UrbanClap by Trifecta Venture Debt Fund - I

DEAL BRIEF

In a venture debt transaction, Trifecta Venture Debt Fund – I invested in one of India’s leading aggregators of services, UrbanClap.

Trifecta is a leading venture debt investor in India, with investments of up to INR 3 billion spread across 21 promising ventures.

UrbanClap, founded in 2014 is a marketplace for home service providers. It also recently concluded a fund raise of over USD 35 million from marquee investors such as Bessemer Venture Partners, SAIF Partners, Accel Partners, along with angel investments by Mr. Ratan Tata and Snapdeal founders Mr. Kunal Bahl and Mr. Rohit Bansal.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsels to Trifecta Venture Debt Fund - I.

Disclaimer

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Deal Corner

May 11, 2017

Investment in UrbanClap by Trifecta Venture Debt Fund - I

DEAL BRIEF

In a venture debt transaction, Trifecta Venture Debt Fund – I invested in one of India’s leading aggregators of services, UrbanClap.

Trifecta is a leading venture debt investor in India, with investments of up to INR 3 billion spread across 21 promising ventures.

UrbanClap, founded in 2014 is a marketplace for home service providers. It also recently concluded a fund raise of over USD 35 million from marquee investors such as Bessemer Venture Partners, SAIF Partners, Accel Partners, along with angel investments by Mr. Ratan Tata and Snapdeal founders Mr. Kunal Bahl and Mr. Rohit Bansal.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsels to Trifecta Venture Debt Fund - I.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.