TMT Law Practice advises Indian fashion start-up

TMT Law Practice has advised India-based Relevant E-Solutions, which runs the fast-growing fashion-focused social network Roposo, on raising $5m from Bertelsmann India Investments.

TMT Law partner Kaushik Moitra advised Relevant on its Series B Equity Funding, along with senior associate Aditya Kr. Singh. The firm has an established relationship with Relevant and has advised the company on its legal requirements and transactions since its inception in 2014.

Mr Moitra said: ‘This is the third such transaction that we have worked on with Roposo and we are proud to partner with the venture. Understanding the unique requirements of the start-up ecosystem has been our forte and this transaction tested our competence in the sphere right from the process of due diligence up to the negotiation of the execution documents.’

Offices across India

TMT Law Practice began as specialist firm in the IP & TMT area, but over the past eight years has grown into a full service firm. It has offices across India, including in New Delhi, Bangalore, Chennai, Kolkata, Bhuvaneshwar, Mysore and Ahmedabad, and represents corporations, financial institutions and organisations with both Indian and international interests.

‘Captured immense mindshare in India’

Bertelsmann India Investments (BII), the strategic investment arm of the international media, services and education group, was advised by S&R Associates. Pankaj Makkar, managing director of corporate services of BII, said in a statement: ‘We see tremendous promise in Roposo as a social network and as a business model. It has managed to capture immense mindshare in India within a fairly short span since inception. With leaders such as multi-channel network StyleHaul in the US and social network Mogujie in China in the Bertelsmann family, we are excited to now work with Roposo to make it the leading fashion destination in India.’

Email your news and story ideas to: [email protected]