Algo Legal Advises CRED on its Series D Round at a USD 2.2B Valuation

Bengaluru | Friday | 7th May, 2021

Summary:

Algo Legal acted as the legal counsel to Dreamplug Technologies Private Limited on raising USD 215 million in a Series D round of funding, with a post-money valuation of USD 2.2 billion. The Series D round was led by new investor Falcon Edge Capital and existing investor Coatue Management and also saw investments from Insight Partners, DST Global, RTP Global, Tiger Global, Greenoaks Capital, Dragoneer Investment Group, and Sofina. The Algo team was led by Abhinav Bhalaik, Mahika Parikh, Mayank Jhunjhunwala, Naveen Jain, Riya Gupta, and Abu Talha. About Algo LegalAlgo Legal is new age technology backed firm focused on venture capital and private equity firms, VC-funded start-up companies and corporate businesses. The Algo team is multi-disciplinary and has decades of deal experience spanning 3000 investment rounds amounting to over USD 10 billion in transaction value..