J.Sagar Associates (JSA) advised B Capital (B Capital), a fund floated by Facebook co-founder Eduardo Saverin, in relation to Series B investment by B Capital in Smartpaddle Technology Private Limited (Bizongo). The investment by B Capital is a part of the larger Series B round of funding of USD 20 million (approx.) involving investment by International Finance Corporation, IDG and Accel. Bizongo had previously raised USD 3 million (approx.) in a Series A round of funding by Accel and IDG in November, 2016 and seed funding from Accel in October 2015. Bizongo operates a B2B marketplace for providing packaging solutions to medium and large businesses and engages in wholesale trading of packaging products.

The JSA team comprised of Partner Manvinder Singh; Senior Associate Sonali Kapoor and Associates Aishwarya Malik and Srinivas Anirudh.