VERTICES PARTNERS and Kaizen Law acted on HostBooks Limited’s $2.5 Million fundraise from Oranga Orbit LLP in Series A1 CCPS. VERTICES PARTNERS represented HostBooks on this transaction. The transaction team consisted of Vikrant Anand (Partner), Prerna Bharthi (Senior Associate), Hemant Srivastava (Associate), Ayushi Narayan (Associate) and Liji Anna Thomas (Associates). HostBooks Kaizen Law represented the investor Orange Orbit on this transaction. This investment is a part of the a larger $15 million Series B funding round. Orange Orbit LLP has made a total investment of $5 million , of which the firm released the first tranche of $2.5 million. This funding will support HostBooks in expanding its AI-driven product offerings, strengthening its global reach, and bolstering its sales, marketing, and operations teams. HostBooks is a cloud-based business solutions provider specializing in accounting and compliance software. They offer a comprehensive suite of tools that help businesses manage their finances, including bookkeeping, invoicing, expense tracking, and financial reporting, while also automating crucial compliance tasks like GST filing, TDS returns, e-way bill generation, and payroll processing. By streamlining these processes, HostBooks aims to reduce manual work, improve efficiency, and ensure businesses remain compliant, offering tailored solutions for various industries and business sizes.

Finova Capital has raised ₹1,135 crore ($135 million) from investors Avataar Venture Partners, Sofina Ventures SA, Madison India Capital, and Norwest Venture Partners, as well as existing investors. VERTICES PARTNERS represented Finova Capital in this Series E fundraise. The transaction team consisted of Vinayak Burman (Founder and Managing Partner) along with Vikrant Anand (Partner), Varun Kaka (Senior Associate), Anushree Pathak (Senior Associate) and Nisha Dharod (Associate Manager). Finova Cpaital has been a long standing client of Vertices. Vertices represented Finova in its 2019, 2020 and 2022 fundraise. Vinayak Burman, Vikrant Anand, VERTICES PARTNERS Shardul Amarchand Mangaldas & Co represented Avataar Venture Partners II/Kiri Holdings with a team consisting of KS Bhargava (Partner), Manav Nagraj (Partner), Mithila Hari (Principal Associate) and Jai Mittal (Associate). The Firm also represented Norwest Capital, LLC with a team consisted of Manita Doshi (Partner), Paavani Gupta (Senior Associate) and Pratim Majumdar (Associate). KS Bhargava, Manav Nagraj, Manita Doshi Nishith Desai Associates represented Sofina Ventures SA with a team consisting of Nishchal Joshipura, Harshita Srivastava, Khyati Dalal and Palomita Sharma. The Firm also represented Madison India Opportunities V VCC, MIO Strategic V LLC and MICP Trust with a team consisting of Nishchal Joshipura, Harshita Srivastava and Anirudh Arjun. Nishchal Joshipura Aretha Legal represented existing investors Peak XV Partners Investments V and Peak XV Partners Growth Investments III with a team consisting of Nitin Gera (Founder Partner), Divya Jyoti Mehra (Principal Associate) and Sajal Jain (Associate).

Manu Varghese has joined VERTICES PARTNERS as a Partner in Corporate Practice and will be a significant part of the operations in the Mumbai and the Bengaluru offices.  

Marketing technology startup Wondrlab India Private Limited has acquired a stake in OPA Marketing Tech Private Limited. VERTICES PARTNERS represented OPA Marketing Tech in this transaction. The transaction team consisted of Vikrant Anand (Partner), Nishant Singh (Senior Associate), Vidhi Shah (Associate) and Tejas Jaiswal (Associate). Founder and Managing Partner Vinayak Burman provided strategic inputs. Universal Legal represented Wondrlab India on this transaction. The transaction team consisted of Rashi Kapoor Mehta (Partner) and Henna Kapadia (Associate Partner).

GreyLabs AI [AHG Technologies Private Limited] has $1.5 million in Seed Series round fundraise from Matrix Partners. VERTICES PARTNERS represented GreyLabs AI in this fundraise. The transaction team consisted of Vani Panicker (Partner), Varun Kaka (Senior Associate) and Sucharita Manjunath (Associate Manager). Vani Panicker Phoenix Legal advised Matrix Partners India Investments IV, LLC, Matrix Partners India Investments IV-A, LLC and Matrix Partners India IV AIF, (collectively “Matrix Partners”) on this transaction. The transaction team consisted of Sumit Sinha (Partner), Ashima Dewan (Partner), Vaibhav Asher (Senior Associate), Sayli Petiwale (Senior Associatee) and Vipluv Mittal (Associate).