JSA represented MO Alternate Investment Advisors (a subsidiary of the conglomerate Motilal Oswal Financial Services) in its Investment in Join Ventures Solutions Private Limited.
Join Ventures owns and operates a portfolio of digital-first brands offering handmade, personalised and curated products across food, home and fashion categories and its brands include (a) direct-to-consumer gifting brand IGP; (b) flower gifting platform Interflora; (c) corporate gifting entity IGP for Business; and (d) gourmet food brand Masqa. This round of funding was led by MO Alternate Investment Advisors. Convivialité Ventures, global beverage player Pernod Ricard’s venture capital arm, as well as existing investors DSG Consumer Partners, Venture Catalysts, and ZNL Growth, also participated in the round of funding.
The deal value is approx. USD 23.5 Million.
JSA team comprised Lead Partner – Anand Lakra, Principal Associate – Niharika Mepani, and Associate – Sonakshi Verma and Jinay Shah.
A partner in JSA’s Mumbai office. His practice focuses on private and public M&A transactions, private equity and venture capital investments, capital market transactions, with a particular focus on securities law matters, publicly traded companies, take private/delisting offers and takeovers.