Veritas Legal Advises Mirae Asset – Naver Asia In Series F3 Fundraise By ShareChat's Parent's Company Mohalla Tech
Veritas Legal advised and assisted Mirae in making this investment in the Series F3 total fundraise of $145 million along with other investors. The Veritas team comprised of Manav Raheja, Partner and Ankit Kumar, Associate.
Mirae Asset – Naver Asia Growth Investment Pte. Ltd invested in Series F3 round of funding raised by ShareChat's parent company - Mohalla Tech.
Mohalla Tech, the parent company behind Moj and ShareChat, has raised US$145 million as an extension of Series F. At a valuation of US$2.88 billion, the investment has been led by Singapore state investor Temasek, Moore Strategic Ventures (MSV) and Mirae-Naver Asia Growth Fund which is jointly set up by Mirae Asset and South Korean web portal Naver Corp. This is an additional investment beyond the US$502 million raised in April this year.
Veritas Legal advised and assisted Mirae in making this investment and undertook due-diligence along with negotiating transaction documents in representation of Mirae. The Veritas Legal team comprised of Manav Raheja, Partner ; and Ankit Kumar, Associate.
Mohalla Tech Private Limited (Sharechat) was advised by Induslaw.