Creation Investments’ and Matrix Partners’ partial exit from OfBusiness

  • Deal
  • January 6, 2022

JSA advised Creation Investments India II LLC and Matrix Partners in their partial exit, by way of secondary sale of their stake in OFB Tech Private Limited (OfBusiness), to Alpha Wave Ventures II and Tiger Global Management respectively; along with few other existing investors.

The total secondary sale value was US$ 140 millJSA advised Creation Investments India II LLC and Matrix Partners in their partial exit, by way of secondary sale of their stake in OFB Tech Private Limited (OfBusiness), to Alpha Wave Ventures II and Tiger Global Management respectively; along with few other existing investors.

The total secondary sale value was US$ 140 million (approx. INR 1042 crores). The secondary sale also included sale by few employee stockholders to Alpha Wave Ventures II, Tiger Global Management and SoftBank Vision Fund 2. JSA also advised the employee stockholders.

Deal Value: US$ 140 million/ Approx. INR 1042 crores

JSA team comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Senior Associate – Amandeep Singh Virk, Junior Associate – Zarish Ali and Pallavi Mall, Partner – Kumarmanglam Vijay and Associate – Shiv Singhal.