News & Insights

Fantasy Sports: Age of Digital Playgrounds

General Corporate, M&A and VC/PE

Earlier, only a handful of cricket and football fans understood and participated in fantasy sports in India. In the past decade, the subscriber base, number of fantasy gaming companies and the investor base have all increased multifold. Now, credit to Dream11 bagging the title sponsorship of renowned Indian Premier League and their funny television commercials, fantasy sports are well known and are played in almost each Indian household. More so, fantasy gaming is not limited to cricket and football anymore; there are fantasy leagues for almost all sports, be it a franchisee league or an international league/tournament. The statistics clearly indicate that fantasy leagues are here to stay.

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Unmanned Aerial Vehicles – ‘Drones’: Rise of the Unmanned Industry?

General Corporate, M&A and VC/PE

Introduction Unmanned aerial vehicles also famously referred to as ‘drones’ took flight way back in the mid-19th Century, when they were exclusively used for military purposes. Their scope was predominantly limited to military operations till as recently as 2010. The technological advancements over the last 10 years or so have drastically transformed the drone industry

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Veyrah Law Advises Pristyn Care on Raising USD 12 Million from Multiple Investors

General

Pristyn Care, a health delivery start-up, has raised USD 12 Million in Pre-Series C funding from Sequoia Capital (along with its affiliate), Hummingbird Ventures (along with its affiliate), and Epiq Capital.
Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; principal associate Arun Mohanty; associates Anshul Pandey and Priyanka Zaveri. The Veyrah Law team assisted Pristyn Care with structuring, drafting/negotiating the term sheet, drafting/negotiating and signing the transaction documents and closing.

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Time for Acquihires to Trend Again?

General Corporate, M&A and VC/PE

COVID-19 has wreaked havoc on all economies and businesses across the globe. While some of the businesses will sail through to see better times in the future, some will not. Specifically, smaller companies and startups at nascent stages may be handicapped with no funds or hope to recover. The rise in number of troubled companies may result in a lot of distress sale transactions soon. Acquihires could be an effective method for structuring such distress sale transaction where the sellers, buyers and employees concerned, all come out as winners. An acquihire is where a company is being acquired for the excellent team it has assembled and not particularly for its product/service. A well-structured and negotiated acquihire transaction could provide the desired results for all concerned. But this is easier said than done due to the multiple balancing acts required to address potential concerns of the parties involved.

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Considering Litigation in India | Part V – Approaching the correct judicial forum!

Corporate Disputes

Introduction This article is in continuation to the series of earlier articles which deal with various aspects to bear in mind while seeking to litigate in India. In our past articles, we have discussed multiple key facets such as; the need to anticipate and strategize a dispute well in advance, the importance of facts

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Hostile Minority Shareholders: Statutory Squeeze-Out; the Last Resort?

General Corporate, M&A and VC/PE

Introduction During the early stages of a company’s life, Founders needing funds generally give away equity to multiple small investors – be it their wealthy neighbour, friends, or some angel investors. But, once the company and the business flourish, procuring funds becomes relatively easier. Often Founders may also wish to exit the business by sale

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Considering Litigation in India | Part IV – Counsels work with facts!

Corporate Disputes

This article is in continuation of the earlier articles that discuss various aspects one must bear in mind while seeking to litigate before courts in India. As outlined in the earlier article, it is imperative for a business to anticipate a dispute well in advance and plan the best approach for it.

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Cryptocurrency Exchanges: An Investment Opportunity?

General Corporate, M&A and VC/PE

Brief History The advent of cryptocurrency as an asset class was swift and it attained global popularity within a relatively short period of time. While the idea of a digital currency was not new, it really found wings with the publication of the white paper on ‘Bitcoin’ by Satoshi Nakamoto

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Considering Litigation in India | Part III – Anticipate the dispute & strategize!

Corporate Disputes

This article is a continuation of the earlier articles where we outlined the challenges associated with litigating in India and the considerations that one must bear in mind before getting into a ‘fight’. As recommended in the earlier article, parties to commercial disputes must at all time seek to settle rather than litigate endlessly

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COVID-19 Commercial Disputes: Litigate rarely, negotiate mostly, but settle always!

Corporate Disputes

Have your customers defaulted on payments because of the COVID-19 crisis? Have your business partners avoided contractual obligations because of the lockdown? Are you a lessor who is being asked to waive lease rentals on your premises? Do you think your business is entitled to claim the benefit of a ‘force majeure’

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