One of India’s leading corporate law firm VERTICES PARTNERS, legal advisor to Open Secret (Immaculatebites Private Limited), recently advised the D2C snack brand on its latest funding round of INR 50 crore (approximately USD 5.2 million), led by Desai Brothers Group.
The funding will aid Open Secret in advancing its offline retail presence throughout India. The company will also be directing the secured funds to expand its product portfolio and enhance its operational efficiency by leveraging AI assistance throughout its supply chain.
VERTICES PARTNERS provided end-to-end legal counsel support regarding all aspects of the transaction for Open Secret. Led by Vishal Mehta, Partner, VERTICES PARTNERS and supported by Associate Manager Nisha Dharod. Vinayak Burman, Founder & Managing Partner, VERTICES PARTNERS, provided tactical oversight and direction throughout the mandate.
Vinayak Burman
Speaking on the development, Vinayak Burman, Founder & Managing Partner, VERTICES PARTNERS, said, “Open Secret has made a significant space for growth in India’s healthy snacking category. The fundraise underscores a crucial milestone in the brand’s journey. We are elated to have legally advised the company for this transaction. We heartily congratulate Open Secret, Desai Brothers Group and all stakeholders involved in the transaction.“
Vishal Mehta
Vishal Mehta, Partner, VERTICES PARTNERS, added, “Consumer-first organisations are leading the investor interest streak on the back of their scalable business models and mindfully designed product lineup. The transaction for Open Secret has aided us in garnering new insights about a growing sector within the country, while facilitating all the parties to achieve a successful transaction.”
The transaction underscores VERTICES PARTNERS’ increasing presence in venture capital and private equity transactions, especially in the technology and high-growth startup sphere. The firm advises founders, growth-stage companies, investors and strategic stakeholders on complex fundraising, mergers and acquisitions, corporate structuring and other strategic transactions.
