JSA advised A91 Partners on a secondary sale of approximately 7% of its stake in Pushp to Sixth Sense. Pushp, which processes spices such as chilli, turmeric and coriander, in addition to blending spices, has a stronghold in the spices segment in Madhya Pradesh and is a potential national powerhouse.
Notably, JSA also advised A91 Partners in 2020 for its investment of ~USD 15 million for a 25% stake in Pushp. This capital infusion helped Pushp expand its distribution network and also increased its valuation to INR 500 crores.
Deal Value: USD 12 Million
Our Transaction Team Comprised Lead Partner – Probir Roy Chowdhury, Partner – Yajas Setlur, Senior Associate – Pranavi Pera, Associate – Bhargavi Kuchewar.
Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.
Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.