Sector: Technology & Digital

Exclusive financial advisor to Mozark, a SaaS platform, on its fund raise

Deal Highlights:

  • We successfully advised Mozark on its fund raise from BlackSoil
  • The investment would be used for working capital and business expansion as the Company embarks on its next round of equity raise
  • We played a pivotal role in highlighting the investment thesis, marketing, structuring, negotiating & executing the transaction
  • The deal further strengthens our ability to provide best-in-class advisory services to SaaS and new-age businesses

About Mozark:

  • Mozark is a SaaS platform for synthetic testing and monitoring of Apps, Public and Private networks
  • It leverages AI & robotics to monitor critical customer journeys across devices
  • Has global operations with large clients across South-East Asia, Europe, India and Middle East
  • Raised USD 5mn from Kalaari Capital (Series A) in 2019

Exclusive financial advisor to CashKaro for their Series C fund raise

Deal Highlights:

  • We successfully advised CashKaro on securing Series C fund raise led by Affle Global Pte. Ltd.
  • Investment will be used for growth, scaling of business & operations, brand building and hiring new talent
  • The deal further strengthens our ability to provide best-in-class advisory services to new-age internet companies

About CashKaro:

  • CashKaro is India’s largest cashback and deal discovery platform in the growing e-commerce and D2C space
  • Company has a partner base of 1,500+ retailers and 20mn+ registered users
  • Founded in 2013, it is backed by marquee investors like Kalaari Capital, Ratan Tata & Korea Investment Partners

Manager to the Buyback by Route Mobile Limited

Book Running Lead Manager to the QIP of Route Mobile Limited

Deal Highlights:

  • Edelweiss successfully closed the 2nd transaction for Route Mobile in last 14 months, demonstrating our philosophy of “Invested in YOU”
    • Nov 21 – QIP (₹ 8,675 mn)
    • Sep 20 – IPO (₹ 6,000 mn)
  • The QIP received an overwhelming response from marquee FIIs, Mutual Funds, Insurance Company – a testimony to Route Mobile’s ability to emerge as a leading global CPaaS player
  • Robust Investor Demand Mobilization – Book was oversubscribed multiple times and was allocated ~90% to FIIs and ~10% to DIIs
  • Deal was launched within ~6 weeks from kick off

Our Contribution:

  • We led the positioning efforts of the Company and helped garner strong interest from investors
  • Garnered participation from a diverse investor set including Marquee ‘Long Only’ FII and an Insurance Company (only Insurance Company to participate)

Exclusive financial advisor to Vodafone Idea Business Services for the strategic sale of data-center land asset to STT Global

Left Lead Book Running Lead Manager to the QIP of INOX Leisure Limited

Deal Highlights:

  • We successfully closed the 2nd transaction for INOX Leisure in last 11 months, demonstrating our philosophy of “Invested in YOU”
    • June 21 – QIP (₹ 3,000 mn)
    • August 20 – Block Placement* (₹ 1,015 mn)
  • The QIP received an overwhelming response from marquee FIIs, Mutual Funds, Insurance Company, a testimony to INOX’s ability to curate better cinema going experience
  • Deal was launched in ~3 weeks from kick off

Our Contribution:

  • As left lead banker to the deal, we hand-held the Company with end-to-end execution, swift regulatory approvals, and timely launch, coinciding with the unlock guidelines of the government
  • Garnered participation from a diverse investor set including marquee Mutual Funds, AIF, Insurance Company and FIIs
  • Spearheaded demand mobilization – Book was oversubscribed multiple times and was allocated ~73% to DIIs and ~27% to FIIs

Book Running Lead Manager to the QIP of IndiaMART InterMESH Limited

Deal Highlights:

  • We successfully closed the 2nd transaction for IndiaMART in last 20 months, demonstrating our philosophy of “Invested in YOU”
    • July 2019 – IPO (₹ 4,750 mn)
    • February 2021 – QIP (₹ 10,700 mn)
  • The QIP received an overwhelming response, seeing participation by marquee FIIs across the world
  • One of the very few QIPs in Indian Capital Market which was priced at a premium to the closing price on the day of launch (0.67%)
  • Deal was closed under ~6 weeks from kick off to closure

Our Contribution:

  • In a 3-bank syndicate, procured highest share of 61.9% by number of investors and 60.8% by allocation amount
  • Managed to garner 5 out of Top 7 long only FII bids by amount including 2 of the largest bids above US$ 25 mn each
  • Garnered interest from marquee long only FIIs early to give confidence for launch at premium to last closing price……..A very rare feat !

Exclusive Financial Advisor to 3i Infotech for the sale of their Software Product Business Division to Apax Partners

Deal Highlights:

  • The deal involves strategic sale of 3i Infotech Limited’s software product division via slump sale to a newly formed company named ‘Azentio Software’, wholly owned by PE funds advised by Apax partners
  • The proceeds from the transaction will be used for repayment of all current debt and scaling up the existing IT Services business of 3i Infotech

Our Contribution:

  • We led the deal end-to-end  identifying the potential investors, assisting in transaction structuring, negotiations, due-diligence and legal documentation
  • Advised the Company, Board of Directors and other Stakeholders to arrive at the most optimum transaction structure. Also, we assisted the Company in obtaining the requisite statutory and internal approvals

About 3i Infotech Limited:

  • 3i Infotech is a Global Technology Company listed on Indian Stock Exchanges. It provides IP based software solutions and a wide range of IT services across BFSI, manufacturing, telecom and other verticals. They cater to 1,200+ customers across APAC, South Asia, Middle East & Africa, Kingdom of Saudi Arabia, Western Europe and North America 

Sole Financial Advisor to the shareholders of Eclipse Global Holdings LLC (Personiv) for strategic sale to eClerx Services Limited

Deal Highlights:

  • This strategic acquisition will further strengthen eClerx’s position in North American market, and provide additional delivery center capabilities in India and Philippines
  • Long term relationship of Personiv with top clients will diversify eClerx’s customer mix and ability to further mine these clients
  • The acquisition is EPS accretive and will help eClerx leverage synergies in the digital and customer experience services segment
  • Key management team of Personiv will continue to lead the business and become a part of eClerx’s Senior leadership team

Our Contribution:

  • We assisted Personiv in identifying and shortlisting the strategic partners globally with strong client-centric culture similar to Personiv
  • Maximize the value for all stakeholders by bringing strategic synergies between Personiv with eClerx on various parameters, such as a specialist Digital BPM player, cross sell capabilities, North American market expansion, delivery center capabilities across geographies, management team, etc.

About Eclipse Global Holdings (Personiv)

Eclipse Global Holdings (Personiv) is a US based provider of digital BPM services with specialization in the outsourced accounting space

About eClerx Services Limited:

eClerx is a leading provider of business process management, analytics, and automation services to a number of Fortune 2000 enterprises

1st global CPaaS# player to list on the Indian bourses

Deal Highlights:

  • One of the highest listing gains since Jan’ 17
  • The deal saw overwhelming response from investors across categories (QIB* – 91.06x; HNI – 192.81x; Retail – 12.85x; Overall – 74.13x; 15 lac+ applications)
  • The deal was fully subscribed on the day of issue opening itself on back of strong retail participation
  • The deal saw participation from institutional investors across the globe including marquee Long-Only FIIs, MFs and a leading Life Insurance Company

Our Contribution:

  • We led the positioning efforts of the company in context of the global CPaaS peers which helped generate strong interest from varied set of investors
  • Converted a marquee Long Only investor which helped set the valuation benchmark as well as provide demand momentum to launch the IPO
  • Led the book building efforts in a completely virtual and seamless manner
  • Provided end-to-end client handholding and guidance on various deal contours and timing

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* Ex-Anchor