TMT Law Practice has advised Relevant E-Solutions on raising USD 5 million from Bertelsmann. Relevant E-Solutions runs the fashion recommendation website Roposo, a fast-growing fashion-focused social network.
Kaushik Moitra, Partner – TMT Law, advised Relevant along with Senior Associate Aditya Kr. Singh on its Series B Equity Funding.
Bertelsmann was advised by S&R Associates.
TMT has a long standing relationship with Relevant, and has advised them on their holistic legal requirements and transactions in the past as well, starting from the initial investment they received.
Kaushik said: “It was a pleasure working with Roposo on this round as well. This is the third such transaction that we have worked on with Roposo and we are proud to partner with the venture. Understanding the unique requirements of the start-up ecosystem has been our forte and this transaction tested our competence in the sphere right from the process of due diligence up to the negotiation of the execution documents. It is pertinent to mention here that I was ably assisted by Aditya Kumar Singh, who played a pivotal role in closing the transaction within the timelines.”
Avinash Saxena, Co-founder of Roposo said: “I was impressed with TMT’s professionalism, expertise and in-time support to close the transaction smoothly”.
TMT Law Practice began as specialist firm in the IP & TMT area, but over the past 8 years we have grown into a full service firm with expertise across practice areas. The firm has steadily built a reputation for itself for delivering high quality services, and has been recognised by Legal 500 for both TMT and IP work, as well as by IBLJ as the ‘TMT Law Firm of the Year’ for 2015. We are one of the few firms in the country with offices in multiple cities including New Delhi, Bangalore, Chennai, Kolkata, Bhuvaneshwar, Mysore and Ahmedabad. We represent corporations, financial institutions and organisations with both Indian and international interests.