Link Legal represented Ru-Net Investments Limited, a Russian VC Fund, in series A round investment in Cred for USD 22.5 million. Other investors in this Series A round included Sequoia Capital, Ribbit Capital, DST, Morningside, etc.
Cred is founded by Kunal Shah (former co-founder of Free-charge, who sold it to Snapdeal earlier) and is engaged in providing services for credit card payments. Cred will let users pay their credit card bills and reward them for timely payments with offers and discounts on shopping, health services and other sites.
Link Legal team were involved in documentation and negotiations for the Series A investment in the Company.
Link Legal team comprised of Mr. Manish Gupta (Partner), and Mr. Ashish Ahluwalia (Associate).
The Company and the Founders were represented by Khaitan & Co, Sequoia was represented by Themis Associates, Ribbit Capital was represented by Indus Law and DST and Morningside were represented by their in-house legal teams.