Novo Holdings has acquired a minority stake in AGNEXT Technologies as part of its Series B investment round.
Khaitan & Co advised Novo Holdings on this transaction, handling all aspects including structuring, due diligence, transaction documentation, and closing.
The core team from Khaitan & Co included Partners Kartick Maheshwari, Aashutosh Sampat, and Nayantara Kutty, along with Principal Associates Gunsaheb Singh and Reshma Abraham, Senior Associate Vismita Gahlot, and Associate Yashvi Chaitanya Shah. Additional assistance was provided by:
• Data Privacy: Partners Supratim Chakraborty and Sumantra Bose, and Associate Himeli Chatterjee.
• Employment Law: Partner Deepak Kumar, Senior Associate Archika Dudhwewala, and Associate Varsha Sankara Raman.
• Intellectual Property: Partners Adheesh Nargolkar and Shailendra Bhandare, Counsel Janaksinh Jhala, Principal Associate Sourav Dan, and Associate Kinjal Parikh.
• Taxation: Partner Ritu Shaktawat, Director Rahul Jain, Principal Associate Bharat Jain, and Senior Associate Husain Bohra.
• Closing Assistance: Associates Jahanvi Tuli and Unnati Goel.
JSA advised Omnivore and Alpha Wave Incubation, the existing investors, on this fundraise, with the team consisting of Lead Partner Siddharth Mody, Partner Rahul Deodhar, and Principal Associate Prerana Chaudhari.
AGNEXT Technologies Private Limited is a pioneering agricultural and food technology company that enhances trust along the food supply chain by developing artificial intelligence-based food quality assessment technologies.