Ascent Capital Advisors and Ventureast Investment Advisors Private Limited’s Investment In Acko Technology & Services Private Limited

Khaitan & Co advised Ascent Capital Advisors and Ventureast Investment Advisors Private Limited in relation to series C1 round of minority investment in Acko Technology & Services Private Limited.

Acko, which is a Bangalore based online insurance startup, has secured funding of $16 Million from the growth-stage investment firm Ascent Capital.

Acko offers the bite-sized and innovative insurance products like the mobile, rider insurance and application protection, ticket cancellation.

Ascent Capital Advisors is a private equity and venture capital firm specializing in growth capital, middle market buyout, and special situation investments. It seeks to invest exclusively in India.

Ventureast is one of the longest standing Venture capital fund managers in India, investing since 1997.

The Khaitan team was composed by Partner Anuj Shah (Picture), Harsh Khemka (Senior Associate) and Pratik Jain (Associate).

Involved fees earner: Pratik Jain – Khaitan & Co.; Harsh Khemka – Khaitan & Co.; Anuj Shah – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Ascent Capital Advisors; Ventureast Investment Advisors Private Limited;

Author: Michael Patrini