14 November, 2019
Super Highway Labs Private Limited, which operates the bus aggregation service Shuttl, has raised $18 million (approximately 128 crores) from Japan’s SMBC Trust Bank (acting as a trustee of Mirai Creation Fund II) and Toyota Tsusho Corporation, a unit of Toyota Group, in its Series C funding round.
Role – Jerome Merchant + Partners, Mumbai advised the Company (Super Highway Labs Private Limited)
Members of JM+P team: The team was led by Partners Vishnu Jerome and Sameer Sibal along with Associates Ravishankar M. and Komal Parakh.
Other Legal Advisor 1: Themis Associates, Bangalore advised the existing investors Sequoia Capital India Investments IV and SCI Investments V.
Members of Themis Associates, Bangalore team: The team was led by Partner Archan Chakraborty along with Principal Associate Santosh Vijay.
Other Legal Advisor 2: Link Legal India Law Services (Link Legal), New Delhi advised the existing investor Lightspeed India Partners I LLC.
Members of Link Legal, New Delhi team: The team was led by Partner Manish Gupta along with Senior Associate Ashish Ahluwalia.
Other Legal Advisor 3: Phoenix Legal, Mumbai advised the existing investors MUGH 2 Limited, Karun Carpets Private Limited and Sabre Investment Consultants LLP.
Members of Phoenix Legal, Mumbai team: The team was led by Partner Sriram Ramachandran along with Associate Manasi Chandriani.
