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Ashima Dewan

Partner
Mumbai

Ashima is a partner with the Mumbai office of Phoenix Legal and her areas of practice include private equity and venture capital investments, mergers and acquisitions, and general corporate advisory including Company law, SEBI, and foreign exchange-related advisory. Ashima has been advising domestic and multinational companies, venture capital funds, and start-ups in diverse sectors ranging from fintech, ed-tech, agritech, SAAS, e-commerce (B2C and B2B), manufacturing, insurance, real estate, media and telecommunications, sports, food and beverages, etc.

  • Advised Elevation Capital on its investments in various tech-based start-ups across seed, early-stage and growth-stage funding rounds.
  • Advised Lightspeed Ventures on its investments in various tech-based start-ups across seed, early-stage and growth-stage funding rounds.
  • Advised Z47 (formerly Matrix Partners) on its investments in various B2B, B2C, SAAS and other tech-based start-ups across seed, early-stage and growth-stage funding rounds and exits from various investee companies.
  • Advised Iron Pillar Fund on its investments and exits from multiple investee entities.
  • Advised Peak XV Partners (formerly Sequoia Capital) on its investment and exit from a healthcare technology investee company.
  • Advised Z47 (formerly Matrix Partners) and Nexus Ventures on its investment in multiple funding rounds in an AI SAAS cloud startup.
  • Advised Elevation Capital, Lightspeed Ventures and Nexus Ventures on its investment in multiple funding rounds in Maestroedge Solutions Private Limited (Snabbit), a quick service app providing on-demand home services.
  • Advised Stride Fintree on its funding round lead by Elevar Equity.
  • Advised Surge Ventures III (a rapid scale up program by Peak XV Partners (formerly Sequioa India) for startups in India and Southeast Asia) on its investment in a software as service start-up helping e-commerce brands to market and sell products through chat based applications such as WhatsApp and Facebook Messenger.
  • Advised Truescale Capital on its investment in a business-to-business fast moving consumer goods wholesale startup.
  • Advised Fundalogical Ventures in relation to its investment in Indicold Private Limited, an innovative player in the cold chain solutions space.
  • Advised Z47 (formerly Matrix Partners), Kalaari Capital and Bhart Innovation Fund on its exit from a company providing technology and analytical solutions for the purpose of prospecting, credit underwriting, risk management, customer management and delinquency management, customer verifications services, etc., by way of 100% acquisition by a fintech company.
  • Advised Exploring Infinities Edtech Private Limited (Bhanzu) on multiple equity financing transactions including Series A and Series B funding round.
  • Advised MonotaRO Co. Ltd., Japan’s largest industrial products e-commerce supplier, in acquiring majority shareholding in a company running and operating B2B e- commerce business.
  • Advised Nippon Paint India on its acquisition of various small businesses by way of share acquisition and business transfer.
  • Advised Sehgal Path Labs and its shareholders on fund raise and sale of the partial stake to Neuberg Diagnostics.
  • Advised a fortune 500 company, in relation to a strategic investment by a Japanese multinational for acquisition of control to become a joint promoter along with the existing promoters.
  • Advised entities engaged in the business of acting as third-party administrator, and their shareholders in relation to the sale of the entire shareholding of these entities to entity engaged in similar business activities.
  • Advised a Singapore based technology solutions company (which owns a digital lending venture in India) and its founder in relation to its Series B investment.
  • Advised a Dubai based company (incubator accelerator) to acquire stake in an Indian company engaged in the oil and gas industry.
  • Advised an Indian company engaged in the media and entertainment sector to set up a joint venture in Dubai for running and operating a cricket team in Masters Champions League, Dubai.
  • Advised an Indian company engaged in the media and entertainment sector to set up a joint venture in Dubai for running and operating a bike racing team.
  • Advised an Indian company engaged in the food and beverage industry to set up a joint venture in the United Kingdom for running and operating restaurants.
  • Advised a listed engineering company, in acquiring a majority stake in an electric vehicle manufacturing company.