Cyril Amarchand Mangaldas advised Social Worth Technologies Private Limited (Social Worth) and its Founders, on a USD 110 million Series D fundraise from TPG, Norwest Capital and Piramal Capital. Social Worth operates the app “EarlySalary”.
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the Transaction. The team also advised the existing investors in the current round. The transaction team was led by Maheshwari Sundaresh, Partner; supported by Jesika Babel, Senior Associate; and Anisha Keshava, Associate.
Avinash Umapathy, Partner; and Adheesh Agarwal, Senior Associate Designate; advised on regulatory matters.
The transaction was signed on August 18, 2022 and closed in August 2022.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.