Shardul Amarchand Mangaldas advised Westbridged Capital on INR 100 crore investment in Innovent Spaces Private Limited (Innovent Spaces). Innovent Spaces is engaged in the business of earning rent and services income on the leasing, sub-leasing, licensing and sub-licensing of commercial real estate (not amounting to transfer), including but not limited to developing offerings centred around real estate spaces and solutions, through a combination of smart spaces, dedicated spaces, shared employee conveniences and partnered spaces on a pay-per-use model or a monthly rental model.

The Venture Capital Practice of Shardul Amarchand Mangaldas advised on the transaction, and was involved in drafting and negotiating the share subscription agreement and the shareholders’ agreement, and assisting with pre-closing and closing processes. The Transaction Team was led by Mr. Siddharth Nair, Partner; and included Ms. Asmita Mishra, Senior Associate; Ms. Shachi Singh, Associate; and Mr. Vibhu Khanna, Associate.

The parties involved in the transaction were West Bridge Capital (Investor); Innovent Spaces Private Limited (Investee Company); and Promoters of the Investee Company.