Veritas Legal advised early-stage tech investor Picus Capital when it took an interest in Bangalore-based financial services provider Wortgage Technologies, which operates as WeRize, as part of a USD8 million series A funding round. Anoma Legal advised WeRize.
The deal, which was completed on 13 July and announced on 8 September, also saw investments from 3one4 Capital, Kalaari Capital, and Orios Venture Partners.
Veritas Legal’s team comprised partner Tushar Raut and associate Priyank Nanavaty.
WeRize describes itself as a “full-stack provider… of customised credit, group insurance and savings products for 100 million lower middle-class families and 300 million individuals spread across the 4,000-plus small towns of India”.