Khaitan & Co advised Ashra Private Equity Fund (a scheme of Shepherds Hill Private Equity Trust) on participation in the Series C1 round issued by Buildwealth Technologies Pvt Ltd (dba Wealthy).
Buildwealth Technologies Pvt Ltd together with its subsidiaries, operates the 'Wealthy' digital platform which provides a comprehensive FinTech and wealth management ecosystem that primarily focuses on empowering financial advisors (Wealth Partners) to run and grow their distribution business by offering a wide marketplace of financial products, including Mutual Funds, Stocks, Bonds, FDs, and Insurance. The group offers a unified, digital solution for investment, portfolio tracking, and execution to both the partners and their end clients.
The Firm undertook a limited diligence on the target and assisted the investor with negotiation and finalising the transaction documents.
The deal was assisted by:
Closing actions of the transaction: Poojita Saxena (Associate)
The core team consisted of Tanvi Kumar (Partner), Pulkit Chaturvedi (Principal Associate) and Nipun Laroia (Associate).