JSA Advocates & Solicitors (JSA) advised Lok Capital IV LLC, Lok Capital Co-investment Trust and Blue Earth Capital AG on their Series B investment in GrowXCD Finance, a Chennai-based company specializing in financial services for the MSME sector. The funding round, which raised USD 22 million, also saw participation from Prosus Ventures and UC Impower.
GrowXCD Finance focuses on enabling financial inclusion by providing tailored credit solutions to micro, small and medium enterprises across India. The Series B investment will further strengthen its capacity to expand its footprint and enhance its digital lending capabilities.
The JSA team was led by Partner Siddharth Mody with support from the Private Equity team comprising Partner, Rohan Kumar, Senior Associate, Tanmayee Sahoo and Associate, Ayush Chaturvedi.
Due diligence was conducted by Partner, Rohan Kumar, along with Senior Associate, Tanmayee Sahoo and Associates, Ayush Chaturvedi, Vidushi Jain, Gavin Pereira, and Prakhar Jain.
With over 15 years of experience, Rohan Kumar is a Partner at JSA focusing on mergers and acquisitions, private equity, and venture capital. He provides strategic counsel to leading multinational and Indian corporates on a variety of complex transactions across the media, technology, manufacturing, and healthcare sectors.