Vertex Growth and state-owned Brunei Investment Agency were lead investors in consumer lending fintech firm Kissht, raising $80 million in new funding. IndusLaw and Cyril Amarchand Mangaldas advised on the operation.
Singapore-based Vertex Growth is part of Vertex’s global venture capital network of affiliates in China, Israel, Southeast Asia, India and the United States. Founded in 2019, it manages over $750 million in assets, funding more than 20 companies and eight unicorn startups.
Existing investors Vertex Ventures SEA and India and Endiya Partners also participated in the new funding round through primary investment and secondary acquisition.
IndusLaw advised Vertex Growth, Brunei Investment Agency, Vertex Ventures, Endiya Partners, Ventureast and Sistema Asia Fund on this transaction. Cyril Amarcand Mangaldas was Kissht’s legal advisor.
IndusLaw’s deal team for Vertex Growth and Brunei Investment Agency was Senior Partner Kartik Ganapathy, Partner Faraz Khan, Senior Partner Vwastav Ghosh and Partners Shikha Tripathi, Anushka Bhargava and Sukriti Bhagat.
The deal team for Vertex Ventures, Endiya Partners, Ventureast and Sistema Asia consisted of IndusLaw partners Manish Gupta and Pratyush Khurana, senior partner Deepti Verma and partner Amit Nain. The regulatory team was partnered by Namita Viswanath, senior partner Raghav Muthanna and partner Nikhil Vijayanambi.