Link Legal advised Probus Insurance Broker, a Mumbai-based insurtech company, when it received a USD6.7 million boost from a fund managed by BlueOrchard. Wadia Ghandy & Co advised BlueOrchard.
The deal was announced on 8 December.
Link Legal’s team comprised associate partner Vinu Peter Immanuel and senior associate Ira Swain. Wadia Ghandy’s team was led by partner Radhika Bhatt.
The investment was made by Luxembourg-based InsuResilience Investment Fund, which was launched by Germany at the 2017 UN Climate Conference COP23. The fund said its investment in Probus – which offers climate insurance coverage in India – aligned with its vision.