DEAL DETAILS
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Aditya Birla New Age Private Limited | Overseas investment involving ODI-FDI structure |
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NO |
HEADINGS |
DETAILS |
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1.
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Sector |
Financial Services; Private Equity, Venture Capital |
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2.
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Announcement Date |
30-Aug-2022 |
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3.
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Completion Date |
09-Sep-2022 |
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4.
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Name of Client |
Aditya Birla New Age Private Limited |
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5.
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Investor Details |
Aditya Birla New Age Ventures Private Limited | India |
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6.
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Investee Details |
Orbi Health Inc | USA Orbi Health Private Limited | India |
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7.
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Deal Description |
Series A fund raise by Orbi Health (developers of the healthtech start up Eka Care). |
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8.
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Total Consideration |
Confidential |
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9.
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Team Members |
The core team consisted of Moin Ladha (Partner), Kevin Shah (Principal Associate) and Sushmita Som (Associate) with assistance on regulatory aspects from Charu Singh (Associate) and Tanish Prabhakar (Associate) |
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10 . |
Role of Firm |
Advised Aditya Birla New Age Ventures in relation to its Series A investment in Orbi Health Private Limited dba eka.care. |
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11.
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Unique Feature of Transaction |
N/A |
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12.
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Innovative Feature of the transaction |
N/A |