Jerome Merchant + Partners advised Sequoia Capital India in its INR750 million (USD10 million) investment in networking app Kutumb, owned by Primetrace Technologies.
The investment was part of a INR2.07 billion investment led by Tiger Global Management. Algo Legal advised Primetrace Technologies, while AZB & Partners advised Tiger Global Management. The deal was signed on 1 June.
Jerome Merchant + Partners’ team was led by partner Sameer Sibal. Associates Ashutosh Merchant and Koustubh Athawale assisted.
Algo Legal’s team comprised partner Ankit Guha, principal associate Shabareesh Suresh and associate Savio Tom.