J. Sagar Associates (JSA) advised Bertelsmann Nederland B.V. (BII) in connection with its investment in the securities of Bigfoot Retail Solutions Private Limited (Bigfoot) as part of a Series B1 funding round aggregating to about USD 6 million led by BII. Other investors in the round included Nirvana and 500 Startups.
Bigfoot is engaged in the business of providing information technology enabled services to small and medium businesses owners to enable them to sell online (under the trade name ‘KartRocket’) as well as providing a platform to sellers to find new revenue opportunities and engage with the end consumer directly (under the trade name ‘Kraftly’).
JSA was involved in the corporate due diligence on Bigfoot and in drafting, negotiation, finalizing and execution of the transaction documents.
The JSA team comprised Partner – Raj Ramachandran; and Associate – Lalu John Philip.
Nirvana was represented by Nishith Desai Associates and 500 Startups was represented by BMR Legal.
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