Creation invests in Reshamandi in Series A round

  • Deal
  • October 15, 2021

JSA advised Creation Investments Social Ventures Fund V, L.P. (Creation) in its investment in Shapos Services Private Limited (Reshamandi) by way of subscription to equity shares and compulsorily convertible cumulative preference shares in Reshamandi’s Series A round. Reshamandi raised approximately USD 30 Million in its Series A round.

Creation lead this round and invested approximately USD 18 Million along with other investors, namely, 9unicorns Accelerator Fund- I, Znl Growth Fund Scheme -1, Omnivore Partners India Fund 2, Brijesh Aagarwal and Anjali Bansal.

Reshamandi is India’s first and largest B2B marketplace digitizing the silk supply chain. It provides a full-stack digital eco-system in the form of a super app, starting from farm to retail.

JSA team comprised lead partner – Lalit Kumar,  Partner – Bharati Joshi, Senior Associate – Amandeep Singh Virk, Associate – Manan Kapoor, and Junior Associate – Zarish Ali.