Infifresh Foods Private Limited has raised US$50 million (approx 372 crore) in relation to their Series C Round.

The funds were raised from the existing Investors of Infifresh, namely - Tiger Global; Prosus Ventures (Naspers), Accel Partners, Matrix Partners, Ankur Capital Fund, and Incubate Japan.

DSK Legal advised Infifresh and its Founder, Utham Swamygowda. The team was led by Associate Partner Jayesh Kothari and assisted by Associates Hemanshi Gala and Kunal Chopra.

Hemang Parekh acted as the Engagement Partner for this assignment and provided crucial inputs on the transaction.

AZB Partners & Gunderson Legal (New York) represented Tiger Global & Naspers Ventures respectively.

Rajaram Legal represented Matrix Partners India Investments III, LLC and Matrix Partners India III AIF Trust

J. Sagar Associates represented Ankur Capital Fund-II.

The in-housel legal team represented Accel India VI (Mauritius) Limited

Pier Counsel represented Incubate Japan

This is the sixth successful fund-raising exercise completed by DSK Legal for Infifresh since its incorporation in June 2020.

Infifresh is engaged in the business of procuring, supplying and processing fresh seafood and various categories of meat on a B2B basis (operating under the brand named “Captain Fresh”) catering to online retail players, modern trade, general trade retailers, hotels and restaurants catering. Infifresh proposes to use the proceeds from the issue to foray into markets of Africa, Middle East and other parts of Asia.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.