J. Sagar Associates advised and assisted A91 in a Series B round investment in Exotel, a cloud telephony company. The transaction consisted of a primary investment and a secondary purchase of shares. A91’s primary investment was part of the Series B round of financing raised by Exotel. As part of the secondary transaction, A91 purchased shares from early angel investors, including the Mumbai Angels. Exotel is involved in the business of providing communication technology to enterprises through its Platform as a Service (PaaS) with private cloud infrastructure and connectivity to telecoms globally. A91’s investment and Exotel’s success are both a reflection of the accelerated growth of digital adoption witnessed during the COVID-19 pandemic.
Value of the transaction is INR 40 Crores.
JSA team comprised of Partners – Probir Roy Chowdhury and Tony Verghese, Senior Associates – Yajas Setlur and Radhika Gupta, Associates – Kavya Katherine Thayil, Rangam Sharma and Atul Lakshman.
Probir specializes in Corporate Commercial, Venture/Private Equity and Information Technology/FinTech. He has been involved in corporate transactions focused on the high technology industry including cross border Mergers & Acquisitions.
Tony Verghese's practice is focused on the Telecommunications, Media, and Technology (TMT) sector. He advises clients on the full spectrum of regulatory, licensing, and compliance matters, including navigating complex frameworks like the Telecommunications Act, 2023. His expertise covers emerging areas such as OTT platforms, digital broadcasting, data regulations, and telecom infrastructure. Tony also provides strategic guidance on structuring TMT-related transactions, investments, and joint ventures to help clients manage risk and leverage opportunities in the sector.
Yajas is a member of JSA’s technology, media, and telecommunications (TMT) practice. In this capacity, he advises clients extensively on various aspects of Indian information technology, data privacy and e-commerce laws.