JSA advises Casa2Stays in its Series C funding round

  • Deal
  • November 17, 2023

JSA represented FabHotels and TravelPlus (operating under the entity Casa2 Stays Private Limited) in its Series C fundraise of INR 1,280 million from Panthera Growth Partners and Accel. FabHotels is one of India’s leading budget hotel brands and TravelPlus is a business travel and expense management platform.

JSA advised on all aspects of this transaction starting from structuring, drafting, negotiating and finalizing the transaction documents, assistance with satisfaction of the conditions precedent as well as closing/post-closing actions and other related activities. JSA also advised the client on several other incidental and ancillary aspects of the transaction such as, facilitating promoter liquidity through a secondary transaction and overseeing various other corporate actions related to this transaction.

 Incoming investor Panthera Growth Partners was represented by Shardul Amarchand Mangaldas, Accel was advised by their in-house legal team while existing investor Goldman Sachs was represented by Trilegal.

Our Transaction Team Comprised Partner – Kartik Jain, Senior Associate – Debottam Chattopadhyay, Junior Associate – Anmol Mahajan, and Company Secretary – Alisha Chawla.

Our Tax Team Comprised Partner – Kumarmanglam Vijay, Associate – Shiv Singhal.