Ahlawat & Associates’ Corporate Team (“A&A”) has advised Digivriddhi Technologies Private Limited (hereinafter referred to as the “Company”), on its Pre-Series A Investment round wherein the investment was undertaken by IE Venture Fund I (“Investor 1”) and Omnivore Partners India Fund 2 (“Investor 2”). The deal value of the Pre-Series A Investment round amounted to USD 3.1 Million.
The Company, with its registered office in Bangalore, Karnataka, is a fintech company and is engaged in the business of facilitating neo-banking services to dairy farmers located in the states of Gujarat, Karnataka, and Maharashtra.
The deal marks A&A’s latest advisory work relating to advising and rendering its opinion to a fintech company that specifically focuses on channelizing the dairy sector, an unorganized sector, in our country.
Managing Partner, Mr. Uday Singh Ahlawat led the deal from the A&A team with support from Senior Associate, Ms. Disha Toshniwal; Associate, Ms. Shramona Sarkar; and Associate, Mr. Sarthak Chawla.
Mr. Ragavan Venkatesan, Founder of the Company commented,
“A big heartfelt thanks to the entire team of A&A for assisting us in closing this round of investment for the Company. It was a pleasure working with them. The sharp analytical skills portrayed by Disha, and her team helped us in traversing through and understanding the complex structures of the transaction documents and the team was always available to guide us throughout the transaction.”